I purchased a flood policy today (there is a 30 day waiting period after applying for a policy) so my insurance will take effect April 1.  

Basically saying that good liability insurance will do the trick as LLCs are easily pierced and just complicate the lending process. 

I had the same thing happen to me, but I ended up  adding a property management certification to my real estate license, made sure my broker allowed and was insured for property management and made it completely official.

Big insurance premium difference. 

So far I have 1099, Advertising & Marketing, bank charges & Fees, Capital Expenses (for remodels) Car & Truck, Contractor, depreciation, donations, Employee benefits, insurance, interest paid, inventory assets, job supplies, legal &professional services, loans/points, meals & entertainment, office expenses, Rent & lease, repairs & maintenance, salaries & wages, taxes & licenses travel, utilities.

If you need any connections to contractors, insurance agents, title companies, appraisers, deals (off-market single families, duplexes, fully renovated turnkey properties, multifamily properties, buy and hold deals etc I have several deals that come across my desk each day), recourse and/or non-recourse lenders, my opinion on potential properties you are analyzing to buy etc I am more than happy to help you. 

From the seller, definitely get history, insurance, tax info, any planned special assessments, major repairs, any warranties (foundation, waterproofing, roofing, etc), a copy of all leases to review as part of a formal accepted offer, etc. 

Most investors here look to have the rent cover the mortgage and some.While the principal on the mortgage is not an expense, the interest, property taxes and insurance are deductible expenses.

Not an attorney or accountant, but based on what I know, save the paperwork and just get an umbrella insurance policy to protect your liability.  

Hi All,I recently lost my home in a fire and was able to sell and profit about $90k from everything with insurance money.