Jon: I've been to CMA meetings and I recognize many CMA members that are also members of AAPL, and they are brokers almost exclusively that lend their and other (private) peoples money.

Insurance companies are the smartest underwriters in the world and they recognize that as one huge area of risk.

but I am quicker to recognize when something doesn't look right & it has saved my butt or made me money more times than I can count.

I recognize and realize I have to buy it before I can sell it.

We do recognize first timers to our club. 

I'm less familiar with these markets and recognize that there are high-end areas in each, so I hope not to offend anyone.

Not really, dual agency is more to facilitating the transaction and representing the seller, theory at law is that a servant can not serve two masters and is now pretty much nationally recognized for Realtors.

I suspect that PM companies recognize that over time they make more money on warzone properties anyways due to higher rate of turn-over and higher degree of damage by tenants.In my opinion the most important skills to being a good PM are being organized, having people skills, having specific routines for all the basic landlording duties, and having a command of the relevant state laws.I think one of the most difficult aspects of being a PM would be that not only will you need to establish rules and routines for your tenants, but you will also have to establish another set of rules and routines for your clients.

And let's not forget that the owner-financing borrower is almost always unable to obtain conventional financing, so in order to make them a loan, you (by definition) are having to relax underwriting standards relative to generally recognized guidelines.

Our attorney seemed to think it would be ok as long as the Property itself is in the LLC name and the insurance company recognizes this policy is for that property.