Rents don't only include the few things that most gurus mention like taxes and insurance, but also advertising, entity maintenance, management, maintenance, office supplies, evictions, court costs, damage done by tenants (above the deposit), legal fees, utilities paid by the owner (even if the tenants typically pay the utilities), lawsuits, etc, etc, etc (I could go on and on and on).The vast majority of new landlords fail in a relatively short period of time.

They are there because the seller is in the middle of a meltdown so there are all kinds ot lawsuits, liens, etc.Both lawyers were unaware of a state law concerning what is regulated by the state.

I assume the purpose of hiding who owns the properties is to limit your liability in a lawsuit.

You can't ask how many kids they have or are planning to have.You have to be careful or else you open yourself to a lawsuit that has teeth if you treat people differently.

I'm curious if anyone has a real life example of how Umbrella insurance saved them from a lawsuit?

If you have an attorney involved means your in a lawsuit LOL>

Have them go under investigation for having child slave labor in Florida and a huge lawsuit to follow...Everything gone.

An open box of unused magnum condoms after an eviction lawsuit. 

But the lawsuit list, demolished houses list and bankruptcy list and just 3 of them that I will list here.

Rebuilt that second bathroom from the ground up, changed the tub into a walk-in shower for a mother-in-law suite. 8.