From what I can tell, both are treated exactly the same for tax purposes (S Corp) but there are a few minor differences on the legal side. 1.

There is a lot of expense maintaining a property these days.If I had that kind of money I would put it to use so she doesn't burn through it fast and spend it.She might be better off just renting somewhere and taking the cash for keys money.Sounds like the husband has let everything go and doesn't care anymore.no legal advice

But they really don't... not legally at least.

I've heard a Letter of Intent is not legally binding because you have no equitable interest.

I'm also now wondering if it would help/hurt to have the property in question be the actual legal place of business for the LLC, which it is currently not.

Preforeclosures – “Notice of Foreclosure” is published on the legal paper.9.

In each case a simple consistent policy helped mitigate or eliminate a legal proceeding.

It is more of a cosmetic thing and a make you feel good sort of idea opposed to something that has real legal merit.

My most expensive property policy is about $600/yr, with property insured for $160k.I am not an insurance agent, and this is not legal/financial/insurance advice.

No it cannot come to affect you after you have legally purchased the property.