I have a property that has been on the market for over three months now without receiving a qualified tenant and I may want to sell it to get some liquidity.It has also been hard to receive monthly profit for myself since my property management has a portfolio minimum of $2k until they allow me to take home proceeds at the end of the month.

I am in NC and LLCs for partnerships in my state are necessary and sufficient.

I suspect in most places 30 days would be sufficient, but some places may require more notice than that. 3.

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

Please DM if you would like to chat further about your three questions. 

The warranty company takes its time accessing the situation, and then they tell you there is a deductible; they will only cover so much; you need to use their preferred company, and it will take three weeks.

**Professional Help**: Is it advisable to consult with an attorney or accountant when setting up an LLC, or are the online services sufficient?

Try interviewing at least three managers.1.

If you're breaking even on the property and wouldn't be getting any cash flow in year 1, you would still have the benefit of the other three working for you.  

I told him that I would want an inspection and he looked at me like I had three heads and responded with "the property is sold AS IS so you won't need an inspection.