------He hit the nail square on the head.Making the assumption that you and your wife are responsible adults, the likely hood of you maxing out your auto or home policy liability and having to go to the umbrella are honestly not very high.

I had renters like that once, and along with being dirty, they got gum stuck in the dryer, nail polish in the carpet, damaged window treatments, burned plastic on the stove, etc.

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I have seen court cases where hundreds of thousands of dollars were preserved because the property was held in a land trust.

Its purpose is conservation and preservation, basically protecting various plots and parcels throughout the San Juan Islands.  

Having said that, it does not negate the fact he does sometimes hit the nail on the head from a logic perspective; and for me, one of those times is in relation to Robert Kiyosaki.

No tool trailer, no climbing on the roof, no nail gun, nor tile saw.

If you nail that part down, as our clients do, you'll be able to sleep well at night and succeed as an investor.Continued success!

But our risk went up as well since we were not in control of the asset.I suspect you hit the nail on the head when you said in this instance something has to be wrong with the numbers..

The problem is that wonderful philosophy above changes to "when you only have a hammer, everything looks like a nail."