Two other BPers and I are getting ready to do something with a tax lien we just got judgement on - what that will be will be determined shortly.   

The longer the commute, the cheaper the house.Similarly SF Bay Area also is a peninsula surrounded by water and bridges.Where to invest is up to each investor own judgement.

If you had a $500,000 limit on your home and the judgement agaist you in a covered claim was $750,000, then $500,000 would be paid by the Homeowners and the Umbrella would pay $250,000.Which policy you would get would depend on the underlying policies you wanted to cover over. 

Without passing judgements, a lot of people that are in this scenario, end up trying to live as long as they can (for free) in their home (knowing full well they will be foreclosed on).  

The judgement is for $500,000 and your Dwelling/Fire policy on the rental only has a limit of $300,000.  

If you have the time to be able to do so, please look over the scorecard below and let me know what you think.Minimum Qualifications qApplicant MUST be 18yrs or olderqApplicant Must Have A Minimum Credit Score of 580 From All Three Credit Reporting AgenciesqApplicant Must Have Verifiable Income and Make At Least 3x Rent Monthly (Joint Income if Married) (Proof of Income Required)qApplicant Must Have Good Reference from Current/Past Landlord(s) (or Supervisor if previously Owned Home)qApplicant Must Have NO Current/Past Evictions, Judgements, Collections, Or Liens from Current/Former Landlords. qApplicant Must have valid, non-expired state-issued photo IDqApplicant Must have A Social Security NumberqApplicant Must Possess an Open Checking AccountqApplicant Must Not Have Been Convicted of Felony/Violent Crime/Drug Related Crime Within the Past 7yrsqApplicant Must NEVER Have Been Convicted of A Sex Crime or Be On Sex Offenders RegistryqTotal Occupancy Must Not Be in Excess of 2 Persons Per BedroomDisqualifiers: qRuns a Business From Home (Online Sales of Art/Crafts exempt)qNo Employment or Employed Less Than 2 monthsqSection 8qIncomplete ApplicationqIllicit Drug UserqHas More Than Two petsqHas Exotic and/or venomous petsPositive Qualifiers q(+5) Has Credit Score between 580 and 619q(+10) Has Credit score 620+ q(+10) Has Rental History of 1 year and Landlord Had/Has No Issues/Complaints q(+15) Has Rental History of 2-4yrs and Landlord Had/Has No Issues/Complaintsq(+20) Has Rental History of 5yrs+ and Landlord Had/Has No Issues/Complaintsq (+10) No Late Payments Over Rental Historyq(+10) No Broken Leases Unless Health/Safety Issues [Exercising Military Clause Okay] q(+5) Same Employer 1yrq(+10) Same Employer 2-4yrsq(+15) Same Employer 5-9yrsq(+20) Same Employer 10yrs+q(+10) Current Manager/Supervisor States Only Good Things About Applicant q (+5) Has Checking and Savings Accountq(+10) Will Pay Online q(+5) Will Pay Via Money Orderq(+10) Has Renters Insuranceq(+10) Has Total Move-In Funds Available Todayq(+10) Positive Valid Referencesq(+10) Vehicle Interior and Exterior CleanNegative Qualifiers q(-5) Is a smoker q(-10) Currently Owes Back-Due Child Support q(-10) Currently Has Delinquent/Negative Accountsq(-20) Has Filed For Bankruptcy Within Past 2yrs q(-20) Current Employer Raises ANY Concerns q(-20) Asked for Upgrades/Changes/Modifications Prior to Acceptance q(-20) Has Lied to Prior Landlords/Property Managersq(-20) No Prior Rental History

But in his credit report. there is eviction and judgement again him.

The problem is a lot of people make poor judgement calls, make cheap repairs (whenever they get around to doing it), are not compliant with their town (COs, fire safety, rental registrations, etc).

Superlady Raine

Might be personal perspective but I see capital at its best when it’s a river flowing  and growing not a pond hoping for more rain.