I'd rely primarily on my observations of the area (are there lots of board ups?

The amount of the line item is derived from the appraiser's experience in the local market, where observations can be made of typical owners of similar properties.

*My stance on LegalZoom is strictly my opinion and is based on my own observations, none of which should be taken as factual denegration of LegalZoom.

Patience, perseverance, and being observant are extremely important in this field.

I observe their behavior and see if they seem easy going.

Stopped seeing people in the mid 90s because I work too large an area (all 58 counties of California, now) and, frankly only see properties rarely, when they interest me and typically long after I own them of have already made a loan.I've been observing a friend who is learning the business from the ground up, so to speak.

@Andrew Johnson - Excellent observation.

Just an observation from a complete beginner myself here.

You can set it up on line: http://www.in.gov/ai/appfiles/sos-registration/landing.htmlI tend to agree with Greg Boots on why they offer protection:http://www.biggerpockets.com/renewsblog/2009/03/18/asset-protection-misconception-insurance-isnt/They create a separation between your personal assets and the property (as long as you observe some simple rules as listed in Greg Boots' article).

I will offer some observations though.First regarding the rental that you currently have.