That opens a big grey area, that I would not like to defend myself against.

You want the insurer to be locked in to defend anyone who is operating that rental if they're named individually for something they did or did not do while operating it

If you ever get threatened with or served with a lawsuit in your home State or the State where your investment property is located is this firm going to appear in court to defend you or your business entity in you or your properties jurisdiction?

And wrap yourself in a green flag to defend the travesty."

To be clear, I am not defending the timeline as to when this information was relayed.

Insurance has no skin in it since they don't cover mold, only have duty to defend. 

I strongly suggest you talk to the Broker, not just an agent that works for the broker.All that said, who on BP wants to hop on and defend the practice of putting a house under contract w/o any intention of closing?

It is funny, people don't mind paying points for closing fees on a loan, but if a club charges $100 or so for membership where you can get into deals, learn, etc it is way to much.I also want to commend those that defend "mentors" charging for their time.

Only 3 cases exist that I know of of individuals successfully defending themselves before the tax court of qualifying for real estate professional status while having a full time job.  

I have defended the deductions by showing that the money was placed in trust accounts and cannot be accessed except for the permitted expense.