The problem was that the borrower wasn't that qualified, so the broker really didn't have any good options to offer, so they just kept throwing up roadblocks in front of the seller until they finally through one up they couldn't meet (Like wanting 25% down, when that was never a condition up front.)  

Landlords mistakenly ASSUME all PMCs offer the exact same services and operate the exact same way, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services.This also leads them to ASSUME simpler is better when it comes to management contracts.

I didn't see any requirement for compensation in this regard, so I don't think I technically owe her anything, but offered $50 for the inconvenience, since it was longer than she initially was ok with.

But if you plan on doing more spec homes, the LLC would likely offer more benefits through legal protections (obviously speak to your attorney about this) and potentially tax savings if you look to file as a S-Corp.

Consolidate or Diversify Your PortfolioThe flexibility of a 1031 exchange allows you to either consolidate multiple properties into one or diversify by exchanging one property for several others across different locations or types.

While older buildings can come with maintenance challenges, they also offer character and potential for value-add through renovations.

State Farm agents might offer alternative solutions, and national insurance companies could still provide coverage, though potentially at a higher cost.

Being aligned with your goals by being in the right environment is like a seed growing in good soil. - Read "The Wealthy Gardener."

@Nick Morello  I have a proctor account were I put all of my builders risk stuff... zurich has this product as well.... you just e mail them and address and boom your insured.. they charge by the month..

I generally don't set a number I look at credit history for lower scores if it is a medical issue I will view differently than if you just are overburdened by debt and just not paying.