Jay thanks for sharing that, how long did it take you to save up the downpayment Our down payment for this one came from selling our Jeep and cashing in a whole term life insurance policy that had barely earned 1% in the last 10 yrs.

A tenant wants to bring in a service dog in my two unit building. I live in one of the units. I read that I may be exempt from being required to allow a service dog request since the building has less than 4 units and...

And for those that didn't have an LLC, how did that worked out with using your insurance (umbrella policy and homeowners).Help me out, convince me i need this thing.

Yesterday I was informed that one of my properties was now going to increase to $5000 deductible effective immediately, but that this change would lower my premium by a whopping $3/mo.When I inquired about this I was told that their company has decided that all policies in Michigan will now have a mandatory $5k deductible and this would be the case for any new properties enrolled in Michigan.

It will basically pay your tenant's rent to you for up to a certain amount of time when they have been displaced, due to a loss covered by your policy. 

5) late rent policy  ?

Regarding, insurance, you might be able to get a policy, but if you submit a claim, the insurance company may deny the claim due to your illegal use of the property.You will need to personally weigh the risk vs. the reward.

I couldn’t post the numbers per site policy but I do have contact info for all. 

In addition, you can buy a million dollar umbrella policy for about $500 per year.

One very common example of such a neutral policy is a landlord’s policy of declining to rent to all prospective tenants who are conflicted felons.