Personally I think the headache of having a board and having to have annual meetings might be enough to turn me off of the corporation but then again if done correctly and documented properly and you had enough money to do so you and your spouse could hold the annual meeting in the Bahamas and it would be a write off I believe.

I would first properly vet the contractor by getting proof of insurance and speaking with their insurance agent to ask if their policy covers it. 

In terms of *using* that license properly, that will come with experience and mentoring, whether from a personal mentor, brokerage, and/or practice.You got this!

On a properly setup max overfunded WL, you should get ahead between year 4 to 7 depending on the funding scenario. 

Based on the inspection report, done within the proper inspection window, the buyer decided not to go forward with the purchase (which is fine).

Maybe it will end up in them becoming licensed and properly insured. 

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Moving forward I advise that you still have the property properly inspected during due diligene.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

That’s why it’s of the highest importance that you properly screen your applicants before they become your tenants.A background check will verify a person’s identity and provide any eviction history.