I'd say after these aspects, then the liability protection advantages become relevant.To assess your risk and exposure, look to they type of business conducted, time holding or being exposed to risks, your ability to manage the business keeping the activities in safe harbor so to speak.

to be on the safe side, i would say 35k.This home is located near Union Street near downtown Concord, where there are some of the most Beautiful Historic I have ever seen.I got in touch with the owner and made an appointment.Here is the situation.His wife passed away about 6 months ago after 40 years of marriage.

Most look for safe place for kids to ride bike, play, etc...

Dollar denominated assets, whether rightfully or wrongfully, are viewed as being SAFE.

Well here's the thing.Dodd Frank has no history in the courts so it's all up to the interpretation of the judges.To be perfectly safe if you use the RMLO when doing any kind of owner occupant seller financing even a regular lease option, you will protect both yourself and the seller.Contact @Terry Lewis a RMLO.

I'm just trying to find a safe way to keep this opportunity alive.Thanks in advance for your input and sharing with me your experience.

I understand I'm looking for a fail safe plan when there rarely is one but I'm hoping that the experience of BP'ers might enlighten me.Also, I am not totally opposed to trying to keep the property but even with raising the rent (hoping that wont drive out the tenant) I am looking to break even each month and that's if nothing goes wrong with a 36 year old house.I'm sorry this is long winded, I just wanted to cover as many bases as I could think of, though im sure i missed a ton.Thanks for reading.

Is it safe to have the PM co and the Owner Co similar in name, or for safety sake should the PM co be something completely different?

My only concern is her credit isnt great so im not sure if she could even get another mortgage.If she keeps it she needs to do some major improvements which will costly likely over $50k easy to do just to make it safe to live.

Better safe than sorry.