Starting a Roth IRA in their name and funding it from their earned income means they can become millionaires by the time they retire and have a supplemental income stream to the income stream they receive from their rental properties.

Is this something that's in lieu f a lease with the landlord, or a supplement?

At first, this seemed like a good way to supplement my 401k and pension for retirement.

If you are hard working it can initially supplement your income.

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?

That dander is tough to get rid of and could cause a serious allergic reaction to another guest in the future.

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.