After spending lots of time reading many posts here on BP regarding insurance, I've decided to go with an additional Commercial Liability policy to supplement the landlord policies to cover both properties.Since the liability insurance is with a different carrier different than the landlord policies I was told I will have to remove the liability insurance from the homeowners policies so the new commercial policy (3 million) will cover any liability.In general, am I giving up any liability coverage from the landlord policy that may not be covered by the commercial liability policy when I terminate that coverage?

We are estimating and hoping for a appraisal of around $130k after everything is completed when we go to refinance again.Like I said when i started this thread my goal is to get into rental properties to help supplement our income.

(it is on a 15 year mortgage with 12 years remaining) I am leaving the Army after 12 years, in Jan of 2017, and don't want to supplement that property anymore.  

There's usually a clause like this:EFFECT OF ADDENDUM: THIS ADDENDUM AMENDS AND SUPPLEMENTS THE CONTRACT AND, IF APPLICABLE, ESCROW INSTRUCTIONS.

Explain how they can receive a down payment now and monthly payments to help supplement her living expenses for the next couple of years.

Info is good as a supplement to knowledge, not as a substitute. 

I'm a photographer/videographer by trade and thought this would be a great way to supplement my regular income (and fun for me!).

If you're one-and-done you are leaving most of the meat on the table because these folks are, by definition, vulnerable and scared.You can supplement your marketing with mailings and phone calls, but nothing beats good old fashion door knocking where you can see the house, talk to the neighbors, get a sense of the borrower's grasp of the situation, etc.Remember that a lot of these people have creditors bugging them all the time.  

This is a common practice for LLCs with only one member, and it simplifies tax reporting.Rental Properties in an LLC: If you have properties held in your LLC's name, the income and expenses related to those properties are typically reported on Schedule E (Supplemental Income and Loss) of your personal tax return.

Generally, passive investors receive a return of capital upon a supplemental loan, a refinance, or a sale.