That said, sometimes it's the only way to get a deal done without using hard money - banks are silly with their requirements - one missing $.39 outlet can make a property impossible to finance, and getting permission to fix even something that simple can be nearly impossible because the lender is concerned about liability for injury, disclosures, and possibly even mechanic's leins, depending on your state.

Hi flip,you are setting yourself up for a huge financial loss or lawsuit.Cutting corners with a contractor that does not havea license, no insurance,and i am sure does not get permitsis asking for it.personal injuries,stop work orders,lawsuits,toonly name a few.You know, it does not make good businesssense,you want someone to ok this method and in your heartof hearts you know its wrong.Integrity,honesty,and professionalism,are the pillars of the foundation of your business.Please, :cry: do not hurt yourself.......Charles

A common cause of lawsuits is injury.

I've heard conflicting things (even from different lawyers) about whether an LLC really gives you liability protection (inside liability from injury to tenant, guests occurring on property) if you're self-managing the property.

For Limits: Each Occurrence $300,000 Damage to rented premises is blank Med Exp (any on person) $1000 Personal & Adv Injury is blank also General Aggregate $1,000,000 Products - Comp/Op Agg $1,000,000 I am named as the certificate Holder.

Someone who develops diabetes, has an accident resulting in permanent injuries, or develops some other chronic condition may also have difficulty qualifying.

That road led to self-employment.The work is harder, the pay often low for the hours put in, my retirement is not guaranteed, my silent partner (the government) is greedy and corrupt, and the people I work with (tradesmen, etc.) and for (tenants) range from injuriously stupid to outright evil.If I could go back and become a pipe-smoking, tenured, co-ed chasing, leather-elbow-patched college professor I'd certainly be tempted.But alas, here I am griping on BP while my tenured friends contemplate which European country to tour during their three month summer vacation........

Should either Landlord/Seller or Tenant/Buyer waive their rights to enforce any breach of this agreement said waiver shall be considered temporary and not a continuing waiver of any later breach. 38.Indemnification: Landlord/Seller shall not be liable for any damage or injury to Tenant/Buyer or any other person, or to any property, occurring on the premises, or any part thereof, or in common areas thereof, unless such damage is the approximate result of the negligence or unlawful act of Landlord/Seller.

The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States.

IF one lets others on the property to salvage items they want,,,how to protect yourself from injury liability??