Many people in the past few years that were simply raising money for funds or syndications, are now in serious legal trouble.

Try to build a company around the people, not build the people around the company. 

- For people who use LLCs/trusts, is it more common to have property insurance with the name of the LLC/trust?

As far as PadSplit, you'll have to check city and county laws concerning the number of unrelated people allowed to live in a house. 

It feels really unethical.Your comment: "I got a call from my attorney"I'm curious, since you have legal representation that you are presumably paying for, why are you asking people you don't know, who aren't there, haven't seen the paperwork, don't know the local laws or the situation, instead of asking your attorney?

You'd think with all the information out there that it would be harder to pull the wool over people's eyes.

There's always gonna be poor people and those poor people are always gonna need a place to live.

There is a lot of work involved more than most people think in most real estate deals,

Raise fees on building permits, give tax credits on renovations.Suburban sprawl really hasn't been a good thing for the US.Of course, it's all about supply & demand.But, if you can figure out why more people want to live in Hazel Park (leading to teardowns & rebuilds) versus south Warren or Eastpointe (nothing happening) then you can make millions.

The first house I bought, I lived there rent free, AND mortgage free, while renting rooms to other people.