I am just getting started with rental property investing. I am new to real estate in general but with some help, I’ve structured a business plan for the model I would like to follow. Currenty, I am in law school curre...

Kathryn -  obtaining a loan through a lender  will normally require  2 years of  history of  consistent  positive income …...so if the plan is to use this  method of  financing  - keeping  the job is beneficial …..if you plan to use the more creative methods of  financing deals - then this issue isn't quite as important  the other lender issue to be aware of is that many lenders  have a limit on the  #s of properties  with financing an applicant  has in their name …...some cap at  7  ...some cap at  10 ...some may not any cap

He has some creative methods.

We want to ensure we are all covered for any types of situations that could arise.

Like I said I feel pretty comfortable with the deal right now just want some input from others that have gone through the process.Obviously I would utilize an attorney who specializes in Business Brokerages to facilitate the transfer, as I want to ensure it is done properly.

And if so what type of insurance or protection should I have in place to ensure my company and the employee are both covered? 

He said he was totally open to a creative option like this which was encouraging.  

Don’t be surprised if the broker wants to see a copy of your contract to ensure it is valid.  

#2 isn't really an optionIn the eventuality of #1, what are the costs incurred (how much money needs to be in reserve) to ensure refinancing can be covered -- is it just the normal costs of refinancing?

My question is what due diligence am I responsible for in ensuring someone has a valid contractors license?