The benefit is that the funds can be liquidated to cash so that they become FLEXIBLE and can be used for anything (marketing, payroll, operations, office rent, etc)...not just acquisition or rehab like traditional real estate funding sources. 

It's just that a 10,000-20,000 item list from the county is so intimidating when I only want to mail to the 500-1000 best prospects to benefit from my investing strategy.

Purchase a few properties through traditional financing to establish some cash flow before pursuing the owner occupied method of low cost financing 2.

This means that we have exhausted all traditional methods of softening a blow of recession.  

There are some good templates online, and more than likely the GC will have their own contract that they always use.If you do decide to go without an attorney make sure there are a few items on the contract regardless.

My opinion is that alot of people over the past 25 years got their license because that was the traditional thing to do entering the real estate arena.

Can a RMD be taken from another traditional IRA to meet the RMD each year? 

@Troy Gravett nailed the other items. 

:) It's amazing to me the opportunity that the Real Estate provides the average person to have financial security and not be tied to a traditional 'day job'.  

Supposedly this is supposed to cover any type of repair on the items listed within the policy.