Are the moves to protect yourself/your wife or is it strictly financial?

In my state source of income is a protected class, so I can’t deny on this fact alone.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

I would like to protect myself in case of any legal issues and/or have a business deduction from my yearly taxes.

For purposes of this Paragraph an environmental defect is a234 toxic or hazardous substance at a level and condition found above those set as acceptable by235 the United States Environmental Protection Agency, the Illinois Environmental Protection236 Agency, the Illinois EmergencyManagement Agency or applicable local governmental237 agency.

If it's your first deal and looking for liability protection, get an umbrella policy and move on.

This also protects you from dying trees, etc, and tenant is responsible for keeping it healthy/nice.Good luck!

Hi BP, A little back story on my situation. My friends aunt passed and her family is now going through probate. They will everntually have to sell the home. they offered me the home for 500k and on market would be abo...

Hard money lenders are used to private loans, have vetted paperwork, and can evaluate the property, your lender, and you to make sure this deal makes sense for all and that everyone is adequately protected.

My idea was going to be to add a partition wall to split the garage so each tenant had the own side as well as added privacy / protection.