In the process, you will be covering the tab for some nice family vacations  for whomever you hire to set up this structure.....My advice to anyone who wants to spend on anything beyond an LLC in the state in which they live or where the property is located should first be able to articulate the following:1.

Damn, wait just so I understand -- Buyer's agent stuck with 3% and buyer paid $10k more to cover that.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

I lived in the house with my siblings (who pay me enough rent to cover the mortgage) for 3 years, until 3 months ago when I moved to Phoenix.

Every investor is different on what they want covered, so really you just need a good agent who will discuss the coverages with you when you set up the policy. 

@Tony Thomas no advantages that come even close to covering all the expenses and paperwork headaches!

If it is attached to the privately owned property it could be covered very easily and in some cases the coverage would be included in a standard homeowners policy.  

The great thing is, if one unit is vacant, you’ve still got others to help cover the mortgage.

@Tony Thomas no advantages that come even close to covering all the expenses and paperwork headaches!

Hello all, I'm curious how much the HUD will actually pay compared to the 40th percentile rents posted on their site.I'm aware of the different amounts each tenant will cover in terms of their portion of the rent, but I'm not sure if the HUD will actually agree to my rent price.I've been taking the stated FMR for the bedroom count, and taking 20% off the number stated (to be conservative as to what the HUD will accept).