I'm not familiar with New Port Richey, but I can say from experience that MH investing in SE Florida is very different than GA.

I need insurance recommendations for flips in SE Michigan.

Hi Raisa,No, I don't know of any factories per se but I do have direct knowledge of some of the individuals that were involved in the Orlando venture (that I evaluated) and they were genuine.

If it's just liability protection my $1M umbrella policy costs me ~$250/yr which is less than the minimum franchise tax board tax of 800/yr, SE tax exposure for yourself, etc.Also, it maybe a disregard entity (single member llc), which means it's all reported on one's 1040 schedule C.I learned all of this the hard way

:Would this pass scrutiny:-1099 you as a quasi Security detail to keep an eye on the place & (if you collect rents) ensure financials are delivered to a secure facility.It may pass scrutiny but it would still be ordinary income subject to SE tax.. which I THINK is what the OP was trying to avoid by proposing the master lease idea :)

Just so no one gets messed up, there is no statute of limitations per se on a mortgage until the contract expires.

SE Michigan

If you have any good MFR (3-unit+) in the Manchester area or SE CT, send me a PM.

Please please P L E A S E make sure to hash out who has what responsibilities and when. if you have to print out a cleaning schedule and have the tenants hash out who does what, do it.

I don't think there is any problem with your mortgage per se as long as when you took out the mortgage you intended it to be owner occupied.