What happens if one of your tenants has a slip and fall, on your property, or something else happens to them?

I've not had this scale of bullcrap, but I had a legacy tenant's new boyfriend move in and immediately file a slip and fall after a snowstorm.

This included stating house purchases were primary residences, when they were not; lying about sources of down payments; falsely showing higher sale prices on purchase contracts and having the seller “refund” the difference outside of closing; having “straw buyer” utilize VA or FHA eligibility and then filing a warranty deed change; “trading” near worthless recreational land at ridiculously high valuations; “silent” seller carryback seconds; and slipping in subordination and substitution of collateral clauses into trust deed documents (when seller financing) without those being part of the purchase contract.Most of this ended when the Federal Gov started indicting people for mortgage fraud.More restrictive financing terms, consumer protection laws, due on sale mortgage clauses, proof of funds and mortgage pre approvals have made a true ”no cash” purchase much more difficult to achieve and much more uncommon today, nearly half a century later.Yet, it’s still possible.  

Although the one hubzu deal seemed to have slipped thru the cracks on MLS and wasn't there for several months - which is why I think I was able to get it so cheap.But my model is very simple.

so you are fubared when you trying to slip loan docs into escrow.

What happens if someone slips and falls on the property, suffers a horrible injury, sues for $1 million, and wins?

So a slip and fall or a fire, it isn't the bank's responsibility,they will come after the home owner which in most cases they don't think they are because their bum attorney didn't educate them properly on their situation.

Some wait and wait and wait sommore letting deals slip to someone else who is marketing.And be consistent.

Otherwise what is going to happen is the tenant is going to brush the snow off the vehicle which will make a nice berm of snow for someone to slip and fall on.

I get auto listings from a few different agents and I usually already know 90% of the house they send me but occasionally a new one slips in I haven't seen yet.