Manager shall maintain General Commercial Liability Insurance and Errors andOmissions (E&O) Insurance and provide proof thereof to Owner upon request.

from an investment stand point yes, money is still cheap to borrow right now, and if you want to set yourself up for success when things blow up, now is the time at the last point in height of the market to c/o and wait. 

If you’re “lucky” you’ll get pictures of things the inspector thinks are flaky and then you can decide to worry about it later o pray someone to look at it.

@Ben O.

yup all cattle no hat.. document and keep the deposit.. if she goes to court and you dont want to spend the money just default and pay her then.. chances are like Mike said she is bluffing.PS in most states attorneys are not allowed in small claims.. its mano o mano 

Hi BP Family,Curious about a situation I may not be understanding clearly.If you purchase a Turn Key STR using a 2nd Home Loan (Vacation home 10%), how do you get your initial investment out? (10% DP + $10,000ish in n...

If so, what what better options should I look into for my specific situation.Some additional details of mine:- I am fresh out of college 23y/o- Been in kitchens/retail for about 4 years now, my current job is at a supermarket making 17/hr on ~30hrs a week- Going to switch into a new full time 40hr job as an entry level accounting associate starting next week making 18/hr- Last year made 20k- Only have ~3k in reserves, but plan to be entering partnerships with those or at least raising money from those with much more capital than I do.Thank you all in advance!

Since my only role in all of this would be as a member of the association and its elected board of directors (again not a developer, declarant, etc) I would be covered by that association D&O policy (which I’ll purchase on day 1) and my liability will be limited by those same existing governing documents which limit board members’ personal liability…I’ve played this out in my head so many times (and consulted developers from before ground breaking through transition and consulted HOAs on the other side and took them through litigation against developers ) .

Alabama, Arizona, Connecticut, Florida, Illinois, Iowa, Kansas, Missouri, New Hampshire, New Mexico, Oklahoma, Rhode Island, South Carolina, Tennessee, Texas, Vermont, and West VirginiaIn Race/Notice states, the first to record, w/o actual knowledge of a prior unrecorded interest, generally has priority.  

I'm not sure about conventional - but for non owner occupied there is a 30 yr product called a DSCR loan.There are 30 yr fixed with I/O options for the first 10 years as well.Rate depends on coverage ratio and credit - likely in high 6s or 7s.