Universal denied the claim.We filed suit against them.Now we cannot find new insurance at all, so lender FORCED their insurance at $3200 per year.Do you know of ANY insurance company that MIGHT insure us with the pending lawsuit? 

Hi all - in the situation where a property has an in law suite in the basement, would you consider renting out that unit separately for extra income over the duration of the lease in a lease purchase situation, or would you rent out the whole thing to a tenant buyer and simply have let the in law suite be a value proposition to the tenant buyer (they can sublease that unit and use the rent to pay us the rent payment)?

I think this is a good time for landlords that can provide quality SFH at a reasonable price to allow millennials the lifestyle/home upgrades they want without the commitments of actual ownership and the struggle to budget for down payment on top of student loan expense, car payment, vacation (for instagram likes) etc.    

Lombard, IL third Sunday at the Embassy Suites in Lombard, IL.

Not a blog per se, but @19125er on Instagram has some information you may find useful. 

If the lawyer in a suit against you can prove that money from an LLC was used to pay say your personal car payment etc then they can find a worm hole to your personal assets.

You hit the nail on the head on why its a sub-optimal life choice; its not about finding the best way to make money, its about finding the best way to make money that suits your knowledge skills and abilities. 

Instead, I would recommend looking at properties with a walkout basement, mother-in-law suite, split-level, or even just a separate entrance with street access.

(a) A landlord who in bad faith retains a security deposit in violation of this subchapter is liable for an amount equal to the sum of $100, three times the portion of the deposit wrongfully withheld, and the tenant's reasonable attorney's fees in a suit to recover the deposit.

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