In starting out I am looking to buy my first of many rental properties and am looking to set up a couple business entities to keep myself safe.

Get someone that has your back working for you though, I don't like to take risks in transactions as big as these.

Hi @Monique Rene Coates.I'm not sure I understand...Are you saying: 1) You had a mutual understanding with someone that you'd be paid a set fee for referring a buyer to them; 2) You then referred such a buyer to them; 3) They subsequently closed on a transaction with this buyer;  and, 4) They then reneged on the verbal agreement and paid you no fee?

If you do keep them, I would also advise taking them to a gun shop to get checked out for safety to ensure they are actually in operable and safe condition for use.

The age of the property doesn't always mean things aren't still functional, and safe.

I guess I am not following you.. what is your roll in this transaction. can you explain how your setting this up.. are you doing a lease option with the owner.. then re leasing it for more money to the actual tenant / buyer ( hopefully )

I suspect that shopping for a cheaper insurance will make things a bit better, however not sure if its worth it, I feel "safe" with a big brand name insurance that I currently have. 

As far investors friendly, I have an excellent understanding on flips, buy and holds, apartment building investing, and using IRA to conduct real estate transactions.

Hi all,I got my real estate license to facilitate personal transactions, but haven’t derived any income from it for the past two years.

Will most likely know more about the laws/necessities in the transaction better than you or I