If the seller is claiming an error, that may be, if they attempt to hold you to it, I might suggest fraud and if they are lying about that, what else are they lying about?

Property management is sue happy.E and O insurance carriers charge money with policies based on data they have learned over time just like car insurance.Usually when tenants and owners have an argument the attorneys say let's go after the property manager.Property management doesn't pay much,is a huge headache,and is sue happy.E and O knows PM is the highest form of litigation claims coupled with construction projects.When a broker sets up a PM company they are smart to keep a separate company so if sued they can shut it down without affecting the regular brokerage or their other assets.

I have seen some people claiming you can structure a LLC or something around the investment/IRA to get around this, but I don't understand that part of it.

I've asked people who bragged of making millions just on this technique alone, and when I directly approach them, I get sent to some convoluted website that occludes more than illuminates, others just clam up altogether.I'm getting the feeling that a lot of the people who make boastful claims, in this game, are just boasters.It also seems odd to me, that a person clear across the country, who has never been in my market, who never will be in my market, does their best to make sure they do not help me out, and in some rare instances, try to hurt my chances of success.

If lender gets a title policy, any claims should be covered by the policy.Interesting, Chris, thanks for your response.

,The problem here is she is essentially claiming the income not on the Schedule C where it should be if she wants to take those expenses there.Raquel Baranow,Either you are running a business or you are not.

However, if the property is not claimed by the rightful owner of the property during the redemption period; the certificate holder of the lien will own the property free and clear from mortgage liens and/or other liens attached to the property.

,Why not just quit claim it to the LLC and keep paying the note.

The amount that you will actually receive, in a partial loss, will be arrived at by multiplying the claim value by a ratio, with the ratio being: insurance amt divided by (80% of replacement value), assuming 80% is your coinsurance percentage.And guess what, the likelihood of a partial loss is many times greater than the likelihood of a "full burn down".This is how it has been explained to me.

But, if you Quitclaim the deed, is the owner not giving up claim to title on the property.