As will, small mortgages, or marginal debt service coverage.

Catastrophic only coverage was 40/month.

We can educate and get you straightened out.Benefits of whole life insurance include:* Income Protection (Disability/Illness)* Flexible Access to Cash* Tax Advantages* Stable and Guaranteed Growth* Asset Protection* Legacy and Wealth Transfer* Uninterrupted Compound Growth* Ability to Earn in Two Places at Once* Inflation Hedge* Dividend Potential* Non-Correlation to Market* Life Death Benefit Coverage* Tax-Free Retirement Income Potential

Why not spend the additional money on extra insurance coverage that you know will protect you as opposed to another LLC, which might not?

A downside you should consider is that this guy has no coverage if he gets hurt or sick, and that's a big risk to you both.

Work insurance full time, specializing in coverage for builders, developers, contractors, etc.

If there are any workmanship or issues his insurance wouldn't back him on coverage.

Debt Service Coverage Ratio loans (DSCR) utilize the potential property income for qualification, not your own.

If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.

The answer varies greatly depending on the arrangement of your deal with the owner/landlord but in general you need renters insurance to cover your contents (since you are renter presumably) and then excess liability coverage for your short term rental activities.