hi all i have read a lot about LLC and the reason behind thembut what i do not seem to see is any one who has actually needed one,,,, i could be wrong here and that is why i am asking .i have friends realitives etc who have owned rental property for 30 + years and do not have LLCS ,,, and here in Ca the cost is i think 900 a year,,,, with good insurance and a million + umbrella policy isnt that enough?

Should be zero if not really close to zero.

While Paulson has defended the cash injections as having averted a collapse of the financial system, Obama had to pledge changes before lawmakers approved the release of the second $350 billion. “Banks are becoming the whipping boy for the Treasury's failed policies,†said ~~~~~~~~~~~~~~~~~~~http://www.bloomberg.com/apps/news?

I'd write the word "zero" in the blank in front of the number of months.

Mike - I like your policy of getting both the deposit and first month's rent before signing any lease.

Below is the policy Wells has.

Strong Libertarian Domestic Policy 3.

My dentist just move to an incredible nice new office, and I'm sure they were able to get funding to do it.If you have zero track record, have never done a deal, have no money, have a ton of debt, and bad credit, you're not getting a loan.You need to find other approaches to acquire property.

Each lender has their own policies on how they view the "benefit to the borrower:" mentioned by Jonathan Rex above and you want to steer WAY clear of this for reason 3 below. 3.

With regards to the Fannie/Freddie rental policy, they will be marketing the properties for sale while they are occupied.