The largest town, Phillipsburg, was a proud manufacturing community decades ago that sent high school graduates to medical and law school.

A recent applicant had a combined credit score in the mid 500’s due to medical collections.

It turned out that the owner was in a nursing home and the trust was created in an attempt to shield the assets from being confiscated to pay medical bills.

A medical school is in motion and will be openning around 2012

I suggest that Houston can be a bit difficult as it only has two major industries supporting it- Medical and Oil & Gas.

I only have closed one personal investment property but I had to sell it because I was still slowly medically recovering.  

I am 27 years old and currently work in sales for a medical supply and pharmaceutical wholesaler.  

PROPERTY POLICY ($1,000 deductible)-Buliding: 150k-Rental income including extra expenses: 24k-Liability each occurrence: $1million-Liability General Aggregate: $2million-Personal and Advertising injury: $1million --(I don't know what this is)-Damages to premises rented: 100k-Medical expenses: 5kI was also quoted a $1million umbrella policy.I was referred to this broker by a trusted source and I plan to shop around, but I need some advice on whether or not this is the amount of coverage to shop around.

I don't care how good of an investor onesie, there s nobody who can predict or control the future.nyou can have the best tenants until they experience a death in the family, a job loss, a medical issue, etc, etc, etc and wham, you now have a tenant that can't pay the rent so you lose money.

I made one exception and he has paid 1 late fee.  1 year ago he was hospitalized for a few weeks with serious medical problems.