I wonder if it's worth it to create an LLC when you have only one rental property.

What I wrote above does not create an attorney/client relationship between us.

What I wrote above does not create an attorney/client relationship between us.

"Millionaire Real Estate Investor" by Gary Keller has a good chapter on creating your network.  

Anyway - those the forces that create the housing shortage and what drive rent rates up here locally!

I'll give my $0.02.In a lenders policy (which is I believe what we are discussing here), unpaid real estate taxes would be covered.However, this claim would probably be excluded under the exception for losses created, assumed or agreed to by the insured claimant -- because OP is refusing to pay a bill he is responsible for.

Cary, I am no lawyer, but a simple answer is you use a contract that you buy or have created for that very reason.  

This change will provide more Americans with greater investment opportunities and enable the businesses they invest in to create more jobs.

@Joshua Redmond a good ol phrase to remember is "if the seller creates price then you create the terms" all of your questions are all factors of negotiate to get best deal possible for either party.

My "why" is freedom:- to chose when and where I work- to chose what I buy and sell- to chose how and when I will retire, if ever- to chose when I go on vacation- but most of all, to teach my children financial freedom and to create their own destiny.