Paying late by accident or mistake happens....once.

Additionally, what if I or a contractor had an accident and received bodily injury, would we be covered under the homeowners insurance policy?

However, it's in your unit and I have professionals telling me it wasnt an accident.

I am a little paranoid about water accidents as I lost a relative to drowning so I do warn tenants on signing.

You never want to be in a general partnership because it means that you are liable for anything that your partner does.If your partner gets into a car accident while driving towards your deal, you can be sued personally. 

LLC’s typically protect you, hopefully from accidents and lawsuits, not from the debts the LLC incurs.

I accidently wrote breaker box in the title but I meant to say meter.

You need cash to handle emergencies (car accident, job loss, etc).

In fact, my wife always asks me if I have my handgun before I leave the house.The fact is that in this business, we not only have the chance of meeting a criminal by accident in a vacant property, but we also meet criminals on a daily basis in the rental business (they are called applicants).

I'm really enjoying the weather, cool nights and sunny days.I DON'T MISS TEXAS.I plan on spending another month or so getting grounded in the local nuances so I don't accidently buy in a degrading neighborhood, but I have made a couple of great local contacts.And of course I'll still be on here spreading my sarcasm.All cash