District court judges and defense attorneys know the contracts investors create are not between "ready, willing, and able" participants.

Well, I know a federal defense attorney who won a Supreme Court case and offered to introduce his son to him.

This event can then create an affirmative defense for a borrower against foreclosure or can seriously affect the value of the mortgage in the secondary market under the same guise.

I almost prefer that he would take action so that I can state my defense and move on.

If they have a party and someone gets hurt, the first line of defense is their policy.

I may shift our strategy (wanted first deal to be BRRR) and do a flip since that seems to be what the "defense is giving us" so to speak.

You file a lawsuit or demand and either the E&O carrier provides a defense / settles after being notified of the matter or it doesn't.

Your property insurance will change to a landlord policy, your second layer of defense is an umbrella policy.Not knowing anything about the tenants yet, would we be able to start new leases with them as new owners (I would think yes?)

If you did work without permits and there is a problem that won't help you defense.

My personal opinion from what I have gathered is that you first line of defense is liability insurance so make sure you have plenty of that.