After spending trillions of dollars Obama says we shouldn’t expect much.From the article:“Obama on Thursday asked Americans to back his far-reaching economic and health policies, but warned them not to expect too much from him or the federal government.â€Works for me, I don’t expect much from either of them.Article: http://news.yahoo.com/s/ap/20090319/ap_on_go_pr_wh/obamaSo we should back all of this spending without expecting anything.

I have an umbrella policy to cover me personally (accidents, collapsing porch etc) with my RE investments, would my personal policy be able to cover me in a suite rising from RE in an IRA?

Estimated first year cost of licensing: $4,000.00, and then there are the compliance issues like written policy and procedure manuals that you must actually follow and an understanding of state and federal compliance issues.

The thing I don't think anybody can really answer is what protection the LLC gives you over an umbrella policy which you probably should have anyway.Any attorneys out there that can answer this?

Unfortunately, all of them also required that the new buyer pay for a seperate insurance policy on the home.

The property taxes and insurance will be due in about 90 days and there are zero dollars in escrow.

These types of homes will usually be financed with a non-owner occupant loan with 20% down, or on a Zero Down program like my company offers to qualified investors.

If I purchase a property using hard money then sell it using a wrap around mortgage, would the hard money lender require me to have insurance on the property or would my buyer's policy be sufficient?

While I do think there is plenty of blame to go around, and there are many homeowners, investors, or speculators that jumped into the bubble with eyes wide open, I mostly put the blame on the securitization process and on government policies that encouraged home ownership.Our educational system provides only the most rudimentary financial education.

I have enough skin in the game that I know I will lose my money if I don't follow through on our agreement = I am motivated.As a lendor - "CYA" would be my policy.