The reason being is that if it doesn't pan out,  all you have to do is give them a 30 day notice or a 60 day or a 90 day notice, depending on your state law.  

The cold facts are as follows.I want in the Real Estate business.Therefore I will get my license and as I attempt to sell I will work in property management in an effort to learn more of you real estate people's vocabulary, vision, and perspective. . . and if everyone else is afraid of toilets I'll dive in! 

I have never delt with an HOA or panned urban development or owning rentals in a 55+ as an owner or landlord. 

Index and other funds can probably give you consistent 8 - 12% gross returns for 0 headache and they don't call you at 9pm when their kid flushed their toys down the toilet and it's overflowing everywhere because they don't know how to turn the water off. 

Does 15% and 6 months always pan out, not usually and there is almost a downside due to unexpected surprises encountered on flips. 

I have about 200K in cash on hand that I'm not touching, since I'm just using the proceeds of the two house sales, so I SHOULD be good to go, but still worried that this may not pan out.

As far as the subrogation process, my claims adjuster told me that he had two of the same incidents come up before (leaking toilet I think) where one insurance company denied the claim and deductible repayment for one incident while the other insurance company paid everything out in full.

For example, when swapping out pex for copper, I put a manifold in with a dedicated line of hot and cold to each faucet/shower/toilet/washer/etc. 

And there is a lot more that goes into the asset protection than a piece of paper that says you are a legal entity, you have THINGS you have to do, to support that separate legal entity or the asset protection goes down the toilet and you would have been better off just buying in your own name and ensuring the heck out of the property as was initially suggested.I would find a good small business lawyer in Kansas City and discuss YOUR situation and YOUR business and have him help you get set up correctly.Some names I would google:  Julie Anderson, David Nachman, Rick Davis - they could all point you in the right direction,

I love it when tenants view a lease as nothing more than toilet paper.No "full refund" for this cookie.