We have an insurance policy on the rental house (through State Farm), that includes a personal liability section, which is essentially equal to our current net worth.Given that a tenant could sue for more than this if an accident occurred, we are thinking about adding either LLC or an umbrella policy (or both) as extra protection.Any advice on which way to go, and if LLC, any recommendations for a law firm or company the Indianapolis area?

But we are also both very used to corporate and used to having a security of a job.

If appreciation and scalability are your long-term goals, consider house hacking or saving for a bigger market later.

• How do leases typically handle furniture/appliance damage or wear?

We are buying two houses right next to each other.

Quote from @Charlene Kingsnorth: Quote from @Chris Seveney: Quote from @Charlene Kingsnorth: We are Private Money Mortgage Lenders.  

We are fortunate to take on a lot of doors from local PMCs who drop the ball, and invariably, poor communication is near the top of the list for complaints. 

Hi, we are trying to do a 1031 exchange by selling our rental condo in exchange for a single family home rental.

I’d think long and hard about this and possibly set up financial parameters for who is responsible.

In efforts to get more experience with IOS, we are seeking a financial partner that potentially has experience with this asset class.