If your insurance company doesn't allow them then it doesn't allow them, unfortunately.If one of our owners is ok with the pet in the home, we require $300k in insurance liability coverage from the tenant with our company and the owner listed as additionally insured.

You're getting ready to turn over one of your most valuable assets over to the person you're trying to nickle and dime and which will ultimately help you define it either as an asset or a liability.... go ahead... bargain all you want but likely you'll be posting on BP with all the other disgruntled owners on how the PM failed you... regardless of what you read or hear it's a universal truth 'you'll rarely get quality service at rock bottom pricing', heck I've got a 19 yo. cousin that will manage your rental for 2%... want to take him up on that?... 

I assume I just set it up like a mortgage, with a note payable and pay the liability through cash? 

I think putting them into LLCs is a good idea, but at this point your best protection is going to be over insure your properties against liability.

Hello All, I am pretty much completely new to the 1031 field, but am asking this to get some ideas for a landlord that is looking to sell of 7 duplexes but is concerned over his potential tax liability.

Here is my game plan going into it, should I ever land a student rental:A Joint and Several Liability clause in the rental agreement.

The key is to take the money from refinance and put it into more assets, not liabilities. 

I’m a new investor to Nashville, TN.I have wholesaled one deal ($20k profit), and just bought my first multi-family (3 apartments in East Nashville).I am partnering up with my realtor on future endeavors (BRRRR, flipping, more and wholesale deals) and am wondering whether it’s worthwhile getting my own GC license.I enjoy designing and creating, and while have no construction experience... am a little control freak, and haven’t had many good experiences with GC reliability / professionalism to date.I know there are liability risks, etc. but I’d love to hear from other investors who have either got, or considered getting, their GC license as part of their overall investor strategy.What were the factors you weighed up, and why did you choose the path you chose?

If your just keeping it the LLC for the protection of the shell of the LLC, i would say your in a better position to put it back into your own name and get the highest liability coverage you can get on the Landlord policy and then follow that up with an umbrella policy.

You are right we use refi money for the purposes you listed and try to stay away from liability debt.