That's rare.You could probably do a 2nd for the $10,000.Talk to your title company or title attorney and have them draw up the deed of trust and loan terms for the 2nd. 

If you violate one of these laws it’s gonna cost you big time.  

The house has survived many hurricanes with little damage, but the insurance company said they would not renew coverage without a windstorm exclusion. 

I hired a company, which turns out to be a guy operating solo.

The Management Company is recommending at this point, because there is a dispute, to send some kind of bill showing that this work was done and if not, it would be best to issue a refund.

However, if you are worried about being sued, you should use the best level of protection that you can afford.Your state laws: The laws governing asset protection vary from state to state.

Because the question was not about becoming rich but about a highly technical aspect of the tax law.

Hello Mandy,  I work for a company called Visioneering Studios, we are a design+build firm that focuses on churches!

For example, I have found some very affordably priced properties in NY (state), but after looking at the laws in that state, they have very linient tennant laws that can take several months plus an attorney to evict, therefore not only losing rent but costing to evict. 

Be aware that the lead paint laws require you to delead rental units within 90 days of closing in order to not be liabe for past tenants.