Protect your butt COMPLETELY from all liability.2.

Medicare is broke with TRILLIONS in unfunded liabilities.

I would not want anyone using a part of a house I owned as a carpentry work shop due to liability concerns.

Such “third-party†‘client’ representation attaches with it, various requirements for disclosure of material facts; indirectly limits the amount and type of compensation we receive; imposes minimum standards of trust and competence in both our due diligence and negotiating skills – and frequently, creates liability for any advice we might offer to the “clientâ€.

I limited my liability for repairs by putting into the lease that the washer/dryer & fridge were left as a convenience for the tenant, but would not be repaired, only removed if they failed during the term of the lease.

When the FED facilitates the refinancing of the the maturing debt it takes a liability on its books and the treasury pays interest to the FED, the FED's profits then go back into the treasury as law dictates.

People get divorced and attorneys get involved in the assets and liabilities of the parties.

Granted taxes in general may be and probably will be higher in 15-25 years but I plan on being in a lowet tax bracket because I won't have any W-2 income but just passive income from RE investing activities which as you know can be creatively written off much easier then W-2 income therefore reducing your tax liability and or bracket.

I don’t really understand the concept of taking on a liability just so that you can break even.

Does putting leases in our joint names increase liability for us by allowing a tenant sue both of us (risking all of our assets) instead of only the half in that spouses name?