My out of pocket monthly on it would be about 1600 which covers subbing out maintenance of the pool as well as premise liability, insurance, interest, taxes,and principal etc. this figure does not include repair costs but it does have updated roof, ac, appliances so not a whole lot that could go bad so not sure how to calculate that estimate.

What do they need to do to prove I'm liable for the problem, will I be automatically on the hook 3. how are those condo unit liability issues usually resolved?

Home owners insurance said, if transferred to LLC then there will be no liability or medical coverage.

We are in MA so I'd love to hear about the process and about the liabilities in MA as well.Feel free to PM me.

Fill out the personal income information and the rental & sale information and it will tell you what your tax liability is.

Most states have similar lawshttps://leginfo.legislature.ca...The below is from https://www.kts-law.com/electr...For residential leases signed, renewed or extend on or after July 1, 2015, landlords are required to approve a tenant’s written request to install an electric vehicle charging station at the tenant’s parking space if the tenant enters into a written agreement which includes requirements regarding the installation, use, maintenance and removal of the charging station, requires the tenant pay for all modifications, and requires the tenant to maintain a $1,000,000 general liability insurance policy.

The paperwork presented in connection with a lost item shifts that liability. 

@Christian ValenciaOne major lesson my mom @Rhonda Blue taught me about investing is to be sure and know you tax liability.

The difference between $300,000 in liability coverage on a policy to $1,000,000 in liability is often only $50-100...if that.

A very simplistic answer is its a 2000 furnace Payment$1950 is principle on the furnace$50 is InterestDate                      Account Title                      Debit            Credit12/2/2014             Cash                                                       $ 200012/2/2014            Liability Furnace Loan         $195012/2/2014            Expense- Interest                 $  50                                                                                              $2000           $2000Also the Furnace expenditure should increase the cost basis of the property for valuations and cost accounting and profit/loss metrics