Because of how most insurance policies are written this type of exposure is excluded and no coverage would apply.

Insurance coverage is your best protection, LLP is not necessary starting out.As for family/partner and trust issues no one is trustworthy when life happens.

the capX stuff n Brandon's book is comprehensive, maybe a little too much so, I try to address that stuff up front, when I buy and maybe figure a set aside if your not gona have the money, but in reality, your not gona have a big expense like a roof all of a sudden unless a tree falls on it, then insurance kicks in, and windows, here too you may have one break, but generally you will have enough turn over in that time frame to get a gauge on it.  

They're a fantastic source and a comprehensive view of the formulas needed to analyze a potential deal.  

Our group has a couple of projects going on right now, but we are quickly realizing our network of contractors is not nearly as comprehensive as we would like it to be.

I should really get Seth to pay me a commission for every time I share this link, but it's one of the most useful and comprehensive on the top of building a buyers list.

Which also excludes the loss of rent coverage".thanks for any advice.

The title insurance insures and protects against adverse claims against the insured interest (lender or owner)  The title commitment has a schedule of claims or interests that are exceptions to coverage.

For 30 yr income-producing rentals we require a minimum 1.1x debt service coverage ratio (measured as net income for the property divided by the loan payment).

The outlook for this venture continues to look "plausible", but the devil is in the details and the questions you didn't know to ask.My questions and interest will concern:Composing a comprehensive business plan for a vacation rental from construction to client use.Smart financingTax considerationsViewing the bottom line when using an income property for personal use