Seek liability coverage privately.My letter of intent starts this way:-----------------To Property Owner: Please be advised that the undersigned is interested into entering into a Rental Agreement and Option to Purchase Agreement.

I am pretty confident that they will fund what you are seeking.To get around the local business address issue are you registered in the State of Indiana as a foreign limited liability company doing business in good standing?

General Liability insurance; vehicle insurance; surety bonds; fleet tracking; cell phones; W-2 employees that have social security, medicaire, medicaid, benefits, and taxes.

Also create a "statement of understanding" between yourself and the "end-buyer-tenant", that the "end-buyer-tenant" signs and attests that he understands that you had a lease on the said property and that the said lease agreement was mutually canceled by yourself and the original seller on a specific date.The end-buyer-tenant signs that he understands that, as of this date, you no longer have any liability regarding this said property and the "end-buyer-tenant", forever "holds you harmless" from this date on for any liability regarding the said leased property.This way having a lease-option with the original seller, plus an "option release agreement" with the original seller;...and a signed "statement of understanding" between you and the "end-buyer-tenant".These three simple DOCS should go a long way to insulate you, if either the original seller turns into a "bad apple" or the "end-buyer" defaults.Both parties actuallyu insulated you and both "signed-off" that you have no liability from now on (date specific on all agreements).Bob

You are taking on liability as you are directing them, so you need to make sure that you have a formal signed consulting agreement (not a property management agreement, unless you are licensed) and make sure it spells out what you will and will not do.

@Jeff, locking attic access would be the simplest solution, but I'm not sure as a landlord if this opens me up to liability issues in the vent something happens.

Tax wise it doesn't make a difference whether you deposit the money into the business account or not - that doesn't affect tax liability.

Get plenty of liability insurance.

Liabilities.

From a criminal liability view it does matter, but for civil damages for property damaged it is irrelevant.