Brandon, where I'm at we've got a lot of excess overbuilding and a local property manager was complaining to me how his absentee owners were calling him and yelling WHY CAN'T YOU RENT MY PLACE!

I was not saying that an umbrella/excess liability policy could not be obtained for your purposes (or for an s corp.

I think to answer your question of is there an amount that is excessive to have in cash reserves should be answered by the location you are buying into and what other investors are doing in that area.

I paid a $300 fine earlier in the year.I want to ask1) Isn't $2,000 a little excessive?

Pushing to market rents would be a 50% increase in rents, so pretty excessive, even for a hot market.

A Comprehensive Wealth Management planJust as a dream home includes comforts as well as protects from the elements, a wealth management plan both provides for life’s desires and protects against risks.Specifically, a Comprehensive Wealth Management plan:1.Creates and Grows WealthAssures that their investments are appropriate to achieve desired goals.Reviews their income tax situation to make sure they are not paying unnecessary taxes on investment income and excessive capital gains tax.Assures their life insurance is adequate in case of premature death.2.Protects and Preserves WealthReviews current plans for paying for the consequences of life’s unknowns.

keep in mind when you have a Heloc the bank or lender holding that heloc can close or reduce the amount any time your credit drops or if they feel you have excessive trade lines basically to much debt.There would not be a need for a commercial loan because you are buying a 2-4 unit.

The state requires a licensed GC any time work is being performed in excess of $2500.

Once the investors receive a certain minimum return, the sponsor receives a “promote”, or a share of the cash flow in excess of the investors minimum return.5.

Unless otherwise addressed in the buy-sell agreement, the policy owner controls what happens with any "excess" death benefit.