I’m sorry if that experience put a bad light around the industry.Having said that, it seems like at this point a large umbrella policy for about $500-$600/year would suffice.

You have a deposit so IMO that should suffice at this point in time 

It's hard to know what few-year period in the past 20-years to call "normal" as a baseline here, but suffice it to say that the current balance between supply and demand, alongside the continually low interest rates and helicopter money, lead to a higher nominal price for the same home than we would have seen 2 years ago, even adjusting for the normal appreciation in the market.However, a deal is a deal. 

I'm sorry the lawyer didn't get the 30-day out in time, but I'm sure at this point the 60-day would potentially suffice if/when justice decides to wake up from this snooze.

During a duplex renovation, do I need to get an individual invoice for every draw from my contractor for tax proof purposes or as long as I have proof I sent the money and a signed contract with due dates, does that suffice?

I would appreciate your thoughts on a few hypothetical ideas.If its one person, a 3x ratio suffices.

Do those not suffice? 

@Michael LewisThere are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

Of course the NC real estate commission will say you  need a license because they will get more money and they love putting up bureaucratic red tape.If you have the owners written permission and get the owner to sign a sublease, that should suffice to legally.

Also, in Central and Northern Jersey, is it true that you have to use a lawyer, or will a title company suffice?