Always make sure the general contractor has a general liability policy as well so you are not held liable for any injuries or if the property is damaged.2.

Serious injury and death of father in a couple of weeks time, and I am faced with this within 2 hours of being a landlord!

Hi, I received a letter from an attorney that my tenant supposedly injured himself at one of my properties. The truth is this tenant is an alcoholic and fell somewhere else. What should I do? The letter said that if w...

That way you’re covered if one of you stops working (illness/injury/choice).

But right now I was thinking about using a turn key service somewhere in the Midwest to get the ball rolling for the time being and see how it goes.....I have been looking at Ohio cash flow, but the bottom line is my wife and I don't have the time or mental injury after the last two years of total stress to dea with ALL the intricacies of flipping or managing ourselves....  

Should any tenets, their guest, or anyone on the property sustain any injuries and the property is owned in the investors name only; their personal assets are at risk.Tax BenefitsFrom a tax perspective, and LLC formed with two or more members is classified as a “Pass-Through Company”.

If you are not doing your own work, which sounds unlikely if you are out of work due to a back injury, then it may be difficult for you to make the money you are looking for initially as it is usually sweat equity that carries the day in those situations.  

I know,, I ran several properties with a outdoor pool,one indoor, thankfully no injuries on my watch,, but we had a child drown at a property owned by same company.. they sued... anyone in that situation would. 

Maybe a conversation with your insurance agent on what happens in injury scenarios, property seems pretty straightforward.  

As a personal injury attorney for plaintiffs, I can tell you that, for the most part, "[a]mbulance chasing attorneys" do not have the time or desire to "legally navigate around Insurance Policies."