The music stops.I am sure the global leaders are working together to prevent a global meltdown and so that will determine whether we have a correction like 2000 or something worse than 2008.So here is how I am shifting gears.1) Got out of flips completely.

In an attempt to prevent home owners from being taken advantage of Dodd Frank has created some barriers to lending to home owners.

This would send exactly the wrong message to visitors at the same time that the Chamber of Commerce is trying to attract new visitors to the Cape and Islands.Naturally, if the tax influences vacationers to go elsewhere and prevents homeowners from being able to afford to own and manage their rental homes, anyone considering purchasing a home on the Cape and Islands will be more reluctant to purchase a home here, driving the housing industry For more information, please visit our most recent blog post: http://blog.weneedavacation.com/2016/07/25/hopeful...

If there are any licensed salespeople in NY & could shoot me a PM, I have a couple of questions about the 75 hour course & application for that.I look forward to getting to meet the BP community - from what I've read so far it seems like everyone is so willing to help each other & answer questions...and that's something I want to become a part of.I recently left my old position as loss prevention at a large retail chain and wanted to use real estate to build a career, and then eventually a solid portfolio. 

Generally though, I break it down into the "five pillars" of protecting your assets.The first pillar is avoiding unnecessary and risky activities (don't drink and drive, insurance generally won’t cover your poor decisions) and take good care of your investments(maintain your property, etc) - these simple steps will help you prevent lawsuits before they even occur.

I know some would say that it is the servicer's responsiblity to carry liability coverage, but that will certainly not prevent a suit from being filed against my LLC.I have some questions and would appreciate your feedback:What type of insurance do you carry to help mitigate these risks and who is your insurer?

I can't comment on the legal aspect ( though I doubt it is legal) given I am not a lawyer, but it is dirty and I think it will cause unnecessary tenant turnover.

This is added protection for the contractor to prevent charge backs. 

Does it prevent you from selling unless you abate/mitigate?

Appliances need repairs,landscaping and prevention of bug infestations.leaky faucets and toilets need repairing,HVAC problems either whole property or just individual units.Always somebody with a problem that wants to accuse you of being a slumlord.