Education and Experience Are Critical to SuccessThe real estate profession is extremely complex with many intertwining segments.Because of the complexities of the real estate business and the need to be more competitive by knowing more, education is critical to enduring success in any business - especially in real estate.

@James Vermillion did an excellent podcast that addressed several aspects of investing while on active duty.

I am personally negative on Manhattan longterm, as I think many aspects that made NY the center of US cultural mindset being competed/globalized away due to Internet.

Risk assessment, at least an accurate assessment is mostly impossible for an individual and I'd doubt it's that accurate at a mid size institutional type either.While I understand some of your unique industry, inner-office phraseology such as "capital waterfall" it's not that well understood nor applicable to individual note investors here, while I understand it seems to embellish some sense of expertise in a post, it's poor communication to our audience and simply takes us to conceptual aspects rather than realistic and relevant analysis.

Secondly, I would become active on BP so you can start learning about different aspects of real estate investing because you are back in school again.

I would pass on this person for the partial rent aspect as well.

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.

Very critical.

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.