I own my own business and even though a loan would only give me $50k to work with, I would be able to use my personal assets to supplement and not have the IRS cloud over my head.

I have 25,000 coverage and I could replace this with another easily on the same block not quite as good but good.

The issue with elected officials and sports types is that they are more prone to vandalism, sometimes attacks.Usually, for lesser expensive dwellings, a sufficient notice and disclaimer concening their belongings, etc. are not covered and if they desire coverage they must obtain tenants coverage.

If the dog isn't tearing the place up, there was a way for me to access the front or back door without going through the dog and I didn't have any legal documents proving the dog couldn't be there, I'd probably just make sure I had the umbrella coverage from Lloydes (I use Lloydes myself), and then forget about it.

You'll get newspapaer, radio and TV coverage, sponsors for materials, benefit and fund raising activities to work with.

They are able to do more challenging properties that other lenders won't take, such as turnarounds where your occupancy is at just 60%, as long as you can show attainment of a 1.30 Debt Coverage Ratio.With zero experience, partnering with someone on a first deal might make more sense, as experience is an important issue for many lenders.

Additional expense is that MFH is in flood plain, so I need to spend $375/year for flood insurance.THIS WEEKINSURANCE - I purchased similar insurance coverage for $1700/year, compared to prior $2050 year.

If your insurance coverage is high enough, lawyers won't bother going after personal assets because it tends to draw things out.

Then it can just be supplemental if investing isn't making what I need right then.Congrats, happy investing, and keep us posted (and motivated)

The tenant should be getting renter's insurance, and they should be getting coverage for the dog with that; you would be named as an additional insured.