Holding the property under an LLC is another form of "insurance".Couple of things to remember:1) the bigger the property the bigger the target on your back so protect yourself as much as you reasonably can.2) DO NOT try to "save" on the policy premium by reducing the medical costs coverage for people getting hurt on your property.

We haven't changed our insurance in 14 years and we picked the lowest amount while in college most likely.The medical bills will be above the 25K most likely and then everything else.

My husband is a doctor, which creates the assumption we have large amounts of wealth and can potentially put us at a higher risk for lawsuits.  

Houston has the largest medical center in the world.

Would you expect your doctor to remove your appendix without doing further testing just because that's what usually causes pain in the lower abdomen?

For her working in the medical field she is not the ideal renter  extremely dirty.

And if it was a legitimate service dog, it would have gone to work with her, as her doctor would have certified that she needs the dog to function.

Jay Decimas book, making money on fixers or something like that talks about a deal he bought and fixed up, then sold off half the interest to a wealthy doctor for a premium who gained tax befits and a little cash flow, and then also the proceeds from a future sale.

Before Obamacare, I formed a C Corp management company where it can have some income and from which I deduct the medical insurance and other expenses.

I recently purchased my first commercial property which is a 3,650 square foot medical building located in Sedro Woolley, WA.