It’s never as simple as it first appears, which is why we always advise our clients to let the math guide the choice.

Jeff Beach seems to have a lot of money from clients. 

I tell my clients to determine how much they have in personal assets - if they have more than $500K in personal assets, I always recommend an additional $1M umbrella. 

That is for larger companies or for disgruntled clients or relatives looking to help.Per diems only work in theory.

My clients are able to find pretty nice cash flow! 

I appreciate the comments, those were good things to expand on.In my on-market business, we deal with crazy reviewers all the time on Zillow or Google and on Zillow, if they were a client, you have to eat it and respond.

Being the number one client for your commercial broker makes a world of difference.

I have a cash flow analysis spreadsheet that I like to use when looking at deals for my investor clients to make sure the numbers work.

I work with a property management company in NJ and we see a lot of success with our clients holding long-term rentals. https://www.tvdhousing.com/Welcome to BP! 

If the HELOC is from an existing rental property (A) but funds are used for rentals (B and C), the interest must be allocated to B and C, not A.This post does not create a CPA-Client relationship.