One of the charges is "Title-Lender's Policy" for $417. 

An umbrella insurance policy may be sufficient (vs. the LLC).You'll want to run your numbers and determine if your current home will perform well as rental. 

If you have a no smoking policy does it state the ENTIRE property or just inside?

Nathan,The condo's insurance policy won't likely respond for two main reasons.#1.

Whether to use an LLC or umbrella policy (or both) is a common topic for debate among investors. 

If you are leveraging the cash value of a life insurance policy for syndications, you really shouldn't be using a policy loan.

A Utility & Maintenance Reduction Program is a program that aims to reduce the costs of utilities (such as electricity, gas, water, and sewage) and maintenance (such as repairs and upkeep) for a rental property.

Here are a few potential explanations:The policy holder may not have followed the terms of the policy, such as failing to maintain the property or not disclosing relevant information when applying for the policy.The insurance company may believe that the damages claimed are not covered under the policy.

Creditors can’t touch that money, that is insane. it’s like having a backup, real cash insurance policy and you wouldn’t have to start from zero.

Personally we aim to keep $8,000 per smaller property in reserves.