Hypothetical question,If a borrower of an active mortgage is at pre-foreclosure and they decide to transfer the deed to another individual, what are the consequences for borrower and if any for the new individual that acquired the deed?

HelloI'm interested in renting out a single family home by the bedroom. I'm curious how you find several strangers who want to live together in the same home. Also how do you determine the rental price per bedroom. ...

Always great to meet like minded individuals! 

Also, since it covers multiple properties, instead of buying 2 million worth of coverage on every rental dwelling policy, you only need to meet the underlying limits of the umbrella with each individual policy and pay for the 2 million worth of coverage once through the umbrella.It might be less expensive for you to purchase that liability coverage on your rental dwelling policy now and start the umbrella later, but it will be more economical sooner rather than later.Typically the additional coverages over your personal exposures are worth it anyways.

@Alex Murphy for your individual circumstances, you really need to consult an attorney that can advise you and a CPA that can tell you any tax benefits.

Kier,Thank you for the information you provided recently regarding equitable interest.Guidance the Department received from the Virginia Office of the Attorney General indicated that equitable ownership exists if there are no further terms or options to be met or exercised by the individual attempting to acquire the subject property within the contract.

I’m looking to connect with serious individuals in the local area all 3 counties of south Florida.

There are not as many oil field workers as there were a few years ago but these individuals will lead to a significant cost associated with unit turnover.

With this, you are able to purchase a property for $350k to 450k, rent each room out individually and likely come pretty darn close (if not over) the 1% rule.

Johnathan, the previous owner was an individual in PA.