Assuming plans are needed to secure a permit.

If over that amount, she must file a gift tax return, though no tax is owed unless her lifetime exemption is exceeded.

It occurred to me today that I've never asked about umbrella insurance claims.I’m particularly interested in real-world examples where this type of policy came through during:Property damage (fires, storms, floods, etc.)Liability claims involving tenants or third partiesMajor unforeseen eventsIf you’ve ever had to file a claim and your umbrella policy saved your bacon, I’d love to hear:What happened?

Since they are responsible for maintaining the relationship with you after the transaction closes, this approach adds an extra layer of confidence and security to your investment. 

Securing financing is often one of the biggest challenges new real estate investors face.

If they do not respond within X days, refuse to terminate the agreement, or attempt to charge you for termination, consider filing a complaint: https://www.mec.mo.gov/MEC/Conflict_of_Interest/Compliance_C...HOW TO FIND A PMStart by going to www.narpm.org to search their directory of managers.

@Chris Seveney @Nathan Gesner The owners offered to cancel their lease and return their security deposit in full.

Non-recourse has less personal exposure, but you need a very strong balance sheet to secure this without bringing in a KP.

As long as you're filing jointly, both meeting the 2 yr use test, and either meeting the ownership test, then the full $500k can be claimed. 

This is a passive way of earning with real estate-based security, protection and insurance.