I believe no one else made an offer on it because although the house is only 15 years old, zero maintenance was performed.

About getting businesses in hold that carriage - go the NPO way and you can get loans to give to other businesses at low interest rates ... guess what you pay - zero.

Keep in mind that title insurance policy will only pay out a claim up to the dollar amount of the policy, typically that is the purchase price.

I have been renting this house for 3 years - whole time with positive cash flow and zero vacancy.

I just wanted to resurect this thread becuase Im zeroing in on what this will actually cost me and what type of income it would generate.Roughly it would generate $11,300/mo (4 3bed, 6 2bed, 6 1bed & Im operating on the conservative side for the rent amount).Expenses would roughly be debt service of about $6,600, $900 for property insurance, Its exempt from property insurance for 5 years (renisance zone), $700 in maintenance, and I would do all the property management.We are talking the place from the gutting phase all the way to turn key for a million bucks.

Some suggest having one entity own assets (e.g. property) and have another entity be responsible for operating and maintaining the assets, so that if someone makes a mistake operating etc. there is some liability shield and the plaintiff cannot get the assets(again the idea of “piercing the veil” is important here).If you are really concerned about liability you should use the right entity (entities), but also make sure you have the correct relatively inexpensive insurance coverages (including but not limited to structure and liability on the properties, O&E on business, personal umbrella policies)The aforementioned is personal opinion and none of the content should be construed a binding offer or agreement.

Rich...Florida is also ground zero for a massive over supply of condos.

This is generally a policy of mine.

Anyone have a good source for an insurance company offering good rates on Landlord's policies and /or blanket liability insurance policies?

Is this simply a company policy decision?