In short, it appears to be aimed at building a prospective client list.

I provide my Investor clients with a turnkey network of services.

The agent can advise his client, based on what information he is given, on specific wording that may or may not include coverage for a claim.

It helps their clients feel like they "know" them.

Granted, the IRR on our investment properties are lower with the FLEA than without; however, many of our clients so value the cash flow and the expense insurance that the FLEA provides that they are willing to sacrifice a little IRR.On some of our larger projects, a single investor may not have the required capital to go in on it by himself.

Does the landlord have liability if a client puts something back there?

Part of the code of conduct is to get to know the client so you should be able to meet with a CFP (TM) for an initial no charge or obligation consultation to get a feel if they would be right for what you are looking for.

The situation is that I have a close client who can provide proof of funds and who is a serious investor.

Until you're a repeat client or a bonded contractor yourself and ESPECIALLY because you're an investor, something upfront is not uncommon.Dan is able to negotiate terms with one of his contractors because he has a long term relationship with that contractor.....and that contractor knows where he lives.

I was just hired (though unwillingly) to purchase a note on behalf of a past client.