It is a quick way to bankruptcy, especially if there is a guest injury, even if they are negligent and not fault of yours.Having the correct insurance to cover not only damage but guest injuries is why you have commercial STR insurance.

These are non-negligible numbers and can serve as a downpayment for the next property."

I talked to several CA investors who bought in Indiana: one lost $20,000 because the contractor didn't finish the renovation and disappeared, another one is seeking legal action against an evicted tenant and negligent property manager.

Was there negligence here and is some sort of litigation something I should be considering?

(@NAR_Research).Today’s Interest Rate: 7.14%(☝️ .01% from this time last week, 30-yr mortgage)Mortgage Rate UpdateMortgage rates are negligibly higher this week, up for the last 2 months, 7.14%.

I think it's silly - I mean people can sue for anything I guess, but there is no negligence here on your part. 

In some states the cost to obtain and to maintain an LLC is negligible but in others its significantly more.

I realize the actual difference is negligible (either 3.636% or 3.637%) but was hoping to seek clarification on a go forward basis.Thanks

Still waiting for someone in the 10M bp posts to outline a way someone could be sued on a single family home that isn’t covered by insurance that was not gross negligence.

Is a rental company not deemed negligent and responsible if items in a property are stolen for not securing a property when failing to rekey all exterior locks after an eviction or move out?