You never know what that will cost until they do it. 

So far after 10 years and 100s and 100s, I have never had to honor that warranty Whew LOL 

What a wonderful source of information, so looking to tap into all this knowledge.  

I think the lower end of cost is around $200/mo so clearly you would need to have several properties at a minimum to justify the cost.  

My wife and I are Realtors and have completed two fix and flips and are about to start on our third.We have an investor and his wife who want to fund a fix and flip as silent partners and split the profits from the project while my wife and I will provide the sweat equity.Our investor and his wife have a new LLC that they intend to run their real estate investments through, and my wife and I have an LLC that we run our real estate business through.We have never done a partnership deal like this and have a few questions:1.  

Depending on how you set it up, it won't reduce your earned income, but there may be benefits to making the rent itself tax-free for many years or at least reduced (assuming you never recapture depreciation).

Hey @Kimberley Smith it's never too late to start. 

I have been looking into other sources of income and thought of getting my mortgage brokers license.I am well connected in my market and am still relatively young at 24 with lots of friends and peers that will be looking to purchase their first homes soon.

End of day lender wants to make sure they are not left holding the bag when you get down to the final assets

Your responsibility ends with providing a clean and safe place to live.