I tried it back in early 90’s in St Louis, a rehab, then Dick Cheney cancelled the A-12 and lots of us loss our jobs.

It covers replacement costs in case of fire and I think the liability coverage is $300K/house + loss of revenue etc.

Well I do know the banks are not really paying loss mit fees anymore so I guess you have to find someone to pay them.

You step in, improve the property, cure the loss to lease problems and make money on the spread.

I wants to address 2 major concerns. 1) Liability protection 2) Tax Savings both are important.Issue #1: Eligibility for S Corporation Treatment: I have been told that Loss of eligibility can occur if the S corporation receives too much passive income. so in my case I am creating rental leases on my S-Corp name and not on my personal name. is that OK or my S-Corp is in trouble?

Sorry for your loss ,But lots of people spend their own money and end up with negative cash flow .

LLC or not, you must have adequate insurance protection.However, to nit pick a bit, none of this with PREVENT you from getting sued, they will, rather, protect you from personal loss if you do get sued.

Right now, for 2022 I am at a loss.

I've noticed a steady increase in most Washington & Oregon state MFs to the point where these properties don't even come close to meeting the 1% rule & would actually be breaking even or taking a loss if purchased.Are there any other cities/counties in the PNW (or elsewhere) where there's still some prospects for healthy cash flow?

Therefore, the policy that was in place in the spring (at the time of this loss) would be the policy to review as John stated above, and the one to respond in this situation.