The properties have insurance policies through the HOA dues that we pay known as walls in/walls out policies which basically would replace the property to it's original condition in the event of disaster including all appliances, cabinets, fixtures, etc.

So here I am.I live on Long Island, NY, but to be honest I'm not entirely sure that this is an area I am that interested in investing in (even though most of the books I have read suggest the best policy is to start local, and stick to areas you are familiar with), because from what I have seen so far, there are other regions around the country that seem significantly more vibrant and expansive than the North East.

Before asking anything from them, I volunteered to help them with their organization (no one wanted to step up and be on their committees - that's where they needed help - not with their properties.

I went with insuring all 9 rentals with SF because of time running out on the policy to be canceled and I didn't want to be w/o an umbrella coverage.

Even if you pay him as an independent contractor, if his job is more reasonable defined as an employee and he gets hurt, you're going to incur the liability if he's not covered under a worker's comp policy of yours.Now if he's really an independent contractor (he makes his own hours, does work for other people, provides his own tools, can hire others to do his job for him, etc), then you should have an independent contractor agreement with him and a scope of work for each project that he works on.

Finally, you should probably make sure you have some kind of umbrella policy for your REI company to ensure you are covered, should someone decide it was your fault.

And the cure is almost as bad as the disease, since the only reason that gap has been closing is because of the weak dollar, which combined with the Fed's monetary policy is making everything more expensive for consumers here in the U.S.

I looked back over it and the wording caused it to make sense... he said that for MOST investors a sole proprietorship with an umbrella policy is probably best.

I  will also pay all of their closing costs as well as pick up the tab for the survey and title policy, if title company will allow me to do so.Those number seem to work pretty darn well?

I currently manage a team that works with life insurance policies that are involved in trust accounts for banks and trust companies.