Many investors will use a Conventional loan to close in their own name and then transfer ownership to an LLC; however this will trigger a due-on-sale clause, allowing your lender to call the note due in full within 30 days if they so choose.

After reading through the HOA's insurance's policy, I found that the policy is called "Business Owner's Policy" and below is the summary page of the policy:"General LiabilityGeneralAggregateLimit(OtherThanProducts-CompletedOperations) $4,000,000Products-Completed Operations Aggregate Limit $2,000,000Personal And Advertising Injury Limit INCLUDEDEach Occurrence Limit $2,000,000Fire Damage Limit $50,000 PER OCCURRENCEMedical Expenses Limit $5,000 PER PERSONHired Auto INCLUDEDNonowned Auto INCLUDEDAccounts Receivable $25,000Employee Dishonesty $10,000 PER OCCURRENCEElectronic Media and Records $10,000Fine Arts $10,000Money & Securities $10,000 Inside/$2,500 OutsideValuable Papers and Records $25,000"One quick question is that how i can tell if this is an appropriate HOA's insurance.

You probably already know this stuff but before you pull the trigger run your #'s in a worst case scenario.

This discussion seemed to trigger past ghosts??

I have been dreaming of owning a multifamily property since 2006 but never was able to pull the trigger due to financial issues.

& if you use contractors to do any work on the property check their coverage for workers comp/injuries.We just had fellow investor land in a lot of trouble with an injury on-site where the guy was working off the books for a contractor friend.good luck.

On April 12th, there was a death in my extended family that seemed to trigger a tailspin of activity... since then I have been in South Carolina, North Carolina, Chicago and Colorado.

Tax return time does seem like a good time to start selling.If I find a good deal now maybe pull the trigger.

I'm ready to pull the trigger.

My question is if I buy a piece of raw land with the intention of hiring my own architect/contractor to build and oversee, am I liable for any injuries that happen on the work site?