Not important to this post, but the well and septic on this lot were unaffected by the fire.  

Welcome to the community and be ready for a huge amount of information at your finger tips.

This guarantor, who may be an individual or another entity, will be responsible for the difference between what is owed to the lender to make them whole and what has been recovered.If the lender makes the loan to an individual (natural person), this person is implicitly the guarantor via the note, and no separate guarantee is needed.

Here are 10 tax tips every homeowner should know:1️⃣ Mortgage Interest Deduction: Deduct interest on loans up to $750K!

This will clarify and reinforce what you are reading.

Quote from @Chris Seveney: @Joel BarjonThe servicer of the loan should send this to you.

This doesn’t change with your borrower’s LLC.

From my point of view for event guest screening and security deposits, Superhog is reliable and integrates well for STRs and events, but you might need to adjust its setup for your use case.

I have two separate but related questions:  (1) What are my obligations to my tenants while the house is uninhabitable?

Quote from @Cam Warren: Hey I’m new to the bigger pockets community.