*  What requirements and contingencies (i.e. umbrella and earthquake insurance policies; ex to forfeit some or all of her share of equity to make me whole, etc.) would you include for protection against possible forms of loss (i.e. lawsuits, natural disasters, mortgage default, property neglect/deterioration, etc.?

What about looking for a duplex or something with an in-law suite?

with the lawsuit threatening all the other flips you have going at that time?

Purchase price: $470,000 Cash invested: $10,000 Bought a house in paradise with a separate ¨In-Law¨ suite to collect $1,000/mo What made you interested in investing in this type of deal?

Your standard policy will only cover problems on the property itself not lawsuits that you may get into with your tenants.

If you keep the Trust income and expenses separate from your personal money then should you ever be involved in a law suit your personal money would not be reachable. 

They have been known to not only sue many cities themselves but also to fund other's lawsuits. 

My personal residence and qualified retirement accounts are protected from law suite. 

Potential lawsuit. 

I'm looking for attorney referrals in Huntsville/ Harvest, Alabama initially for a demand letter and then to explore a lawsuit.