This claim was subrogated and lawyer is filing lawsuit against general contractor.Right at the completion of the April restoration work there was there was another fire at the end of August.

Hi all,I am looking into purchasing a home in my area that includes a mother in law suite.

Now the inside and out back is to die for, A LARGE backyard, a pool, a mother-in-law suite I mean come on what more can you ask for.

You can also request this information from the board as it's your right, but since they aren't responding, document it and report to the town. you can also provide proof of payment from your end as well and provide evidence you made the request and they haven't been responding. last option, get an attorney to send a letter and then lawsuit since their negligence is preventing you from refinancing and save money. 

If I lived in the mother-in-law suite and rented out the other two bedrooms in this home, it seems as though that would definitely cover the mortgage, given the decent location, and then after I move out in a year, cash flow could be around or over $1,000.

@Bhaskar Nyshadham I'm also neither an attorney nor an accountant, but as the sole owner of the C corp you may have no protection from lawsuits.

And, you won't really know if you messed up your corporate veil until somebody files a lawsuit against you.That's my layman's understanding of the situation.

Purchase price: $299,000 Cash invested: $50,000 My wife and I are moving into a 5 bed/3.5 and are going to renovate it, build out an in-law suite to live in, and rent out the bedrooms.

What is called inside charging order protections will hinder a lawsuit against the LLC’s from going after your personal assets.

Since you don't own the property you cannot make any major repairs or improvements to the property without the owner's consent because if you make repairs and don't pay the contractor(s) then the contractors will file a Mechanics Lien against the property and the owner will be liable to pay the contractors.If you do repairs to the property and you don't own the property the owner can sue you for destroying the property.Should the seller decide he (or she) no longer wants to sell the property because he either wants to keep it, or he can sell it for cash on the market then he will sue you in court for whatever his attorney can come up with and you can get sued just because the contract the seller wrote has some b.s. that makes in not valid.It doesn't matter whether you are right or wrong when  you get sued because when you receive a Sheriff serves you with a lawsuit you now have to make some serious and hard decisions in regards to whether or not you want to pay an attorney $50,000 to $100,000 to settle the lawsuit that often takes up to 5 years to settle in court.How do I know all this?