Probably honesty is the best policy unless you are worried about being taken advantage of. 

However, with a single-family home, especially in Class-A/B neighborhoods, the tenant covers all of their utilities and as for insurance the landlord probbaly has an umbrella policy on the property.Many thanks,-Eric

The goal is to bring together the brightest minds we know regarding syndication, how to replace your income, self directed IRA, how to crowd fund, and advice from private equity and student family operators with well over $100M in assets (both did this in their lifetime with zero inheritance).

I am very much an aspiring investor in Grand Rapids and West Michigan and am checking off my list of needs (CPA, PM, capital, lending etc) but one area that keeps tripping me up is asset protection (i.e. umbrella policy only vs LLC).

These can bounce causing you a major issue.Have a zero tolerance policy on rent collections.

The terms based on our our policies that stated clearly on our website however  it seems that they like to argue.

This is the time to be sitting in his office with copies of the CCRs, insurance policies, denial letters, City regulations, etc and asking him to get you out of this problem as fast as possible.

Months and months of work with out-of-pocket expenses and zero pay  because, again, we don’t get paid anything unless the deal goes to settlement. 

I've sold $100M+ & there is a zero 0% chance you'll catch me driving buyers around town.Anyway give it some thought & good luck to you my man.

During the last administration HUD decided doing so was having a disparaging impact on a protected class, so they created a policy saying it is illegal to say you won’t rent to anyone with a felony.