@Ryan Fox was the driver insured, if so why isn't the claim being filed against the driver's insurance? 

Definitely voice your opinion to your lender.Best regards,Joe Marini

It might be that each company will file a tax return and the LLC members will declare the income, or loss, on their personal return.

After all of the paperwork was filed and approved, he was able to move in.

LLC's also have many other inherent problems e.g. you may have difficulty transferring the property to a spouse, or relative since the LLC essentially owns the property and it may not be considered to be a personal property.LLC's do not provide you with any protection when someone sues you because if the court awards damages the LLC cannot pay then it is very simple for the Plaintiff to go after your personal assets, or if someone sues you outside of the LLC then the Plaintiff easily get a Charging Order and goes after your personal interests in the LLC.It is much easier to just file for a Ficticiious Business Name, use a DBS e.g.

If you have 5 properties with 5 separate management teams in 5 different states you’re going to have to file loads of taxes and keep track of 5 different management styles which will become a full time job.

@Hideaki YenYou just need to know a very basic understanding of accounting to get involved in real estate.Know that your gross income is rental income, late fees, pet fees, etcExpenses are items such as mortgage interest, real estate taxes, insurance, repairs, etcIf your strategy is cash-flow, your income should be higher than your expensesIf your strategy is appreciation, cash-flow may not matter as much.When you file your return, you will need a list of income/expenses from your rental property.Best of luck.

The following blog article outlines the issue and provides resources to make your voice heard.https://www.biggerpockets.com/...

Did you get a burnerGoogle voice which is also my assistants phone number and ruby receptionist for weekends.

To resolve….1) contractor releases it2) you formally contest it, this shortens the time until it expires if the contractor doesn’t file suit3) file suit/action to have it removed4) do nothing, the lien typically expires in 1 year if the contractor doesn’t file suit