And then the newer electronic systems might have trouble-shooting indicator lights that help to diagnose the problem.Understanding how it works and some simple trouble-shooting techniques will help you determine whether the outage will be just a few hours or a few days; if not short you would then work with the tenant to see whether they need some electric space heaters or not (some already have their own).

I came across this site and it looked like a great place to find like minded individuals.

If a couple were to invest together, their ownership was over the 20-25%, so they decided that they would come in individually, coming in below the ownership limit.

You indicated in your first post that you wanted a line of credit to purchase some homes.

Probably very similar to what Jerry suggests as a post nuptial agreement.We have individual and joint assets, sometimes invest funds individually, sometimes jointly.

When he first told me about the leaking that's when he told me the floors were already warped which indicates to me that he did not tell me the first time he saw the leaking.

Yes, and sometimes you'll see the price will read "Market," which in my opinion, is an indication that sellers are looking for offers at retail.

If you're ever up in my neck of the woods give me a shout always interested in networking with other like-minded individuals.

If your a buy and hold investor, are you planning on putting the properties into one persons name and getting traditional (30 year) financing (traditional mortgages are for individuals, not LLC's) An umbrella policy for a few million is a cheap way to take care of liability, and even if you have it in a series of LLC's and your 5 entities from it, if your involved in the rehab, and someone gets hurt because of neglect or something you should have know, you liable...and if your managing a rental and something goes wrong, your just as liable.

This way, you're two individuals investing in a deal ... buying the house together, splitting costs, etc.