I have a similar clause in my management agreement:Owner agrees to protect, defend, indemnify, and hold Broker harmless from any damage, costs, attorney’s fees, and expenses that:(1) Are caused by Owner, negligently or otherwise;(2) Arise from Owner’s failure to disclose any material or relevant information about the Property;(3) Are caused by Owner providing any incorrect information to any person; or(4) Are related to the management of the Property and not caused by Broker, negligently or otherwise.When searching for a Property Manager, it's important to interview several and compare their management agreement, lease agreement, policies and procedures, etc.

Just because you did exceptionally well 'wholesaling' properties during the last upswing when even our grandmas rolling in wheelchairs could have made money without blinking doesn't mean it applies to 'Current' short sale procedures.

Rarely, will a residential rental property produce taxable INCOME, particularly early on.

I would think that this particular tenant who has been through treatments before would establish sound procedures for having some proxy pay all of her bills while she is incapcitated.

I've tightened up some of my paperwork and even some of my procedures.

What you ran into is standard operating procedure for HUD in our area.

Looks good on the surface, but haven't read though the other 15 or so pages yetSB 493 add a few more procedures to being a private lender.

Can you produce the deal flow so they can get the capital out the door.

You can get discounted notes that will produce great returns without losing out on any tax advantage or the ability to use leverage.

Not a lawyer, so no legal advice here, but if it were me and I felt I'd followed the rules and proper procedures, I'd find a new property manager, I'd get the judgment, and if he did then try to sue me, it would be on record that he did it only after I filed for judgment against him