As mentioned pit bulls are considered an aggressive breed by insurance companies.They can cancel the whole policy and will not cover your claim as an exception to the policy.

Because you're running an REI business, you also have to think about the long-term implications of having a claim against your insurance by a worker on the job who isn't covered with WC.

It isn't a dollar limit, it is a purpose limit.In other words, no matter what the gurus claim, you can't refinance your rental, pocket the funds and deduct the interest.

What bothers me is that people claim there are ignorant property owners everywhere that don't know their markets or home value and will dump their home on you (WHer) today at a fire sale (with margins such that your end buyer is still getting a great deal) vs listing it for a week at a little below market, paying commissions and still making substantially more money.

The amount I would be trying to claim is $1050 in rent and late fees plus approximatelt $150 in court fees.

Then there are the issues of misusing terms to slide ideas past, buying under market value, claiming instant equity on a deal and financing blue sky as an acceptable collateral amount.Lots of wild ideas, presented with a somewhat twisted logic, a dash of hype and ignorance of the consequences is where most are in suggesting "creative financing".I do like other people's money over bank financing in some cases, especially in the short term, which can be up to 5 years, but banks usually have a better solution long term.

One of the mortgage holders claims that while in prison the owner made 1 payment which revived the mortgage and extended the statute of limitations.8.

You claim to be a Philly investor and yet you don’t know that?

Prices kept going up, up, up and up and we were building new houses and condos all over the place, many built to sell mostly to speculators, not people who were actually going to live there and on top of all of that, much of it was being paid for by these INSANE mortgages where someone with rotten credit could just claim they made whatever amount of income and/or owned whatever amount of assets, didn't even have to show any proof of it and would walk out with a mortgage, assuming of course they'd pay a higher interest rate!

Not terrible, but in a very different league than claiming $256 an hour.