This is where the insurance company makes its money.When the insured dies, the death benefit is paid from the cash value and from the term.You can see these explicitly itemized in a Universal Life policy, but not in a whole life.

Items will sit there for long periods of time to the point where I generally find it's more cost efficient to give them away free or even pay someone to haul them off just to get it over with.

No other big cap x items in near future.

After that priced up each item   

LLCs that are thinly capitalized are more likely to be viewed as “shells,” thereby losing their capacity to shield the members from liability.or fails to maintain a separate identity from its owners ( using the business bank account for business purchases, maintaining separate books)Conversion of entities Assets for Personal Benefit:Another factor that poses a risk of piercing the corporate veil is the draining of entities assets (such as payments of large salaries to shareholder-employees) that leaves the entity with inadequate resources to pay its debts.Do not commingle personal and LLC assets.Maintain a separate LLC bank account.Execute an operating agreement.Follow the provisions of an operating agreement.Have LLC member meetings according to the operating agreement.Title property in the name of the LLC.Maintain insurance on LLC property in the LLC's name.Sign all LLC documents in the LLC's name, not the members' names.b.

The seller usually pays the realtor commission (if there is one), the realty transfer tax and any open items found on title.

Yes.More useful living space is typically considered more valuable.However, if you convert an area into a 'bedroom' - if the sqft doesn't work for a bedroom, or the conversion isn't to code, or it just looks 'weird' that may actually detract from the value instead of increasing it.

I enjoy flipping different items (computers, cameras, shoes, tickets to name a few) and providing drone services as a way to earn some extra income.I have little to no experience in real estate but after digesting many podcasts (how I heard of bigger pockets) and books post-graduation I definitely think it is something I need to learn about to start building wealth long-term.

With that being said, does anyone have suggestions on opening the conversation & the most important questions to ask when looking to hire a property manager?

You’ve got some good action items on your list.