Hard money lenders, which are professional lenders at high rates for renovation loans, charge 12-15% and 2 to 5 points up front.

Professionally, my interest was specifically bond- tax free munis, fannie, freddie and higher yielding corp. stuff- nobody but institutions do that kind of biz these days.

Thanks to the BiggerPockets community for all the invaluable advice -- it's helped me personally and professionally for many years.Here's my question: This year my wages at my non-real estate job increased to $190,000.

Also on a side note I happen to be a sales executive for a firm that sells resident screening, renters insurance, and rent collections services to property management professionals which had a big part in inspiring me to invest on the side.Looking forward to speaking with everyone and learning more.

That is more professional and far removed from the time of death so it is much less tacky.

And perhaps that was one of the intended consequences that small time operators would be out of the business and a "professional" mortgage broker would emerge.

It's a truly professional service at a fair price, and I wish more property management firms would copy their model as working with my other one in a different state is more frustrating because these guys are so good.

I am relatively "green" to the industry but am fortunately to have a strong support system in the wings.I'm looking to build my own reputation and i'm happy to have found an ideal forum to share my encounters as I am sure I am in for an adventure.So quick, any words of advice for a young professional getting started?

And, it's a waste of time snooping around without knowing there is a chance of making it a deal.Believe me, I know it's a temptation, but it will work out better if you ask around first.Be prudent, inquire, be professional

If you're confident enough with asset segregation in the LLC and not concerned about personal liability, then, just go without.Make tenants carry renter's insurance and reimburse them.Anyway, not that I'm recommending it, but for scenarios where a property is worth 50k in a isolated LLC, I don't see the upside to paying 1k in insurance.Here's the view of a claims professional who doesn't sell, but deals with the aftermath of bad things happening.