It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

@Lucy ChangIn addition to filing a federal + state tax return - some cities/counties have their own filing requirement.It appears that San Jose considers you to be doing business within their boundaries.Below is a link to their website with instructionshttp://www.sanjoseca.gov/businesstaxYou can hire someone to do the proper filings for you or you can look at the instructions and do them yourself.You should look at the instructions on whether to put yourself as a sole proprietorship or a partnership.

If the neighbor had proper insurance it would probably have covered it, but I don't know how she ended up faring (I haven't brought it up with her, but the beamer is still all cracked up in the driveway a year later so I don't think it was covered). 

This will insure title/permit searches are done properly and updated prior to closing.

I'm not sure if I should go ahead and get my RE license to dive into the business while I continue to learn and grow or not?

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

Yes you can do it but there is more regulation since the 08 crash so you need to check NC laws about how to do it properly.

Hi, I am an experienced licensed Home Inspector and a licensed / experienced GC in NJ with several RehabsPM me here to connectThanks

Or they don't feel that they can vet the deals properly.

My question is how to determine the proper amount of walls-in insurance to carry.