I’m not sure what other problems could arise from this.

Here is a copy of part of the definition:"A liability is a present obligation of the enterprise arising from past events, the settlement of which is expected to result in an outflow from the enterprise of resources embodying economic benefits."

They are cash flowing great for us, and will continue o do so even when our warranty expires and we have to start paying for any issues that arise.

That way you personally are not liable if company has negative legal issues that may arise.

The attorney we use for evictions specializes in landlord-tenant law and is top notch, so I have a good team if the need arises.

. #1 seems like a reasonable reason to do this, and I assume my friend's title insurance would protect him should any claims/issues arise.

If all of these raw materials have risen in price, their cost is funneled through into real products... steel--> cars, sinks, washer/dryer, refrigeratorscopper --> wiring, plumbingcement --> driveways, brick mortargasoline, electricity --> we all know how this affects usBasically, what we have is inflation, without a rise in income... squeezing people tighter and tighter, thus the current mess we are in.

Eligible Customers:Anyone who intends to use the mortgaged property as their primary residence and who expects to have a rising income is eligible to apply for Section 245 mortgage insurance.

Do I create an LLC in the other state(s) and what problems might arise from that?

I've been advised that in addition to the liability protection an LLC provides, and in addition to the homeowner's insurance I cover on my rental property, I ALSO need insurance for the LLC that protects me from general liabilities that might arise....Sounds like overkill to me...thoughts anybody?