Good to read about the MHIC license, the thought on its need was for the business end of it, so there was a business name out there in front of it all, I suppose only for the legal/tax aspect of it.

Your insurance certainly does not cover other people's possessions - for rental properties, that's why tenants have to get renter's insurance.As others have stated, your agreement with the staging company will identify who is responsible.Now, there is another aspect to "who is responsible".

Welcome to BP community @Dean Ouellette  It is a great place to meet new friends and learn about various aspects of real estate and more.

Welcome to BP community @Tim Kindem  It is a great place to meet new friends and learn about various aspects of real estate and more. 

I agree that long term fixed rates is the best aspect of conventional.

It is a great place to meet new friends and learn about various aspects of real estate and more. 

Welcome to BP community @Paul Spangler  It is a great place to meet new friends and learn about various aspects of real estate and more.Wishing you the best! 

Welcome to BP community @Rodney Gresham  It is a great place to meet new friends and learn about various aspects of real estate and more. 

The most involved aspect is not the formality of forming the LLC, but the Operating Agreement between members.

Learn how to analyze a deal, figure out market rents, get tax data, how to market a property & get a solid foundation in which ever aspect of REI you plan on going with.