For new RE broker, is a heaven!

I figured the owner would continue carrying the insurance in their name until the time the property is paid for and I take title but my insurance agent has me concerned about 1. the current mortgage bank calling the note or having a problem with the insurance setup 2. if the insurance is needed heaven forbid someone sues or the place burns down only the owner will be covered and I may still be liable for damages?!

At the end of the seventh year if my rehab loan is paid , I will deed the properties back to him and set him up with property management in place.

For things like tornado damage..or heaven forbid..have you ever completely lost your entire property(and hopefully tenants were ok)....

"Our God is in Heaven, He does whatever He pleases" Psalm 115:3 

there are a number of portfolio lenders out there that can help you if you have surpassed your conventional 10 properties on your credit. they will loan as many as you need. you simply need to have an entity set up they can loan to... down payment will be higher, interest rate will be higher, terms not as favorable but you maintain 100% control of the real estate w/ out bringing on a partner or heaven forbid take a w-2 position :)    lima one capital is a portfolio lender we have done a number of loans with and there are others too. if you want to PM me i can tell you my experience with the other portfolio lenders which is generally not good. :)

Good news: it's right off of seventh street and the 17 freeway near all the awesome downtown stuff like Chase field, so many great museums and entertainment.Numbers:Asking price: $75k (seller bought for $40k)Median rent for 1 bed 1 bath ~$675 according to rentometerGross rent: $3375/moEstimated repairs...

I just know that this is a subject a landlord should not play around with without legal advice and doing it the right way because a landlord could be sued to high heaven for doing it wrong.

Impressive the amount of funds raised off US soil where some marginal deals could actually be considered heavens for international private money - "wow, this is cheap".

"Doorway to heaven"