So, one day, if you are going to drive your own car, you are going to have to take out a very, very expensive liability policy for the privilege of doing so.  

With government policy aiming for write downs, it's hard to imagine any clarity until after the elections.

I know this can vary based on county to county, who pays title policy, etc. but I'm wondering generally what do you use off your head. 3%, 5%..7%?

I think this is where a renters insurance policy would come in handy.

I know by now you have a purchase contract, fill it in and get it signed.It varies by local custom, but in your contract have the seller pay for title search and you pay the title insurance premium, he proves he can sell with good title and the policy is for your benefit.

She paid as promised and the next month she was on time and in full as usual.I agree with holding firm on policies, but also this is a people business.Sometimes my tenants pay late, but then the late fee is included with the rent.

My policy is coming up for renewal in a month or two, and I wanted to shop around.

I think this is BS but I do not know enough to argue with lawyers on this.The advice I was given was to separate chunks of properties into separate LLCs, and have a healthy umbrella policy.

Originally posted by @Wayne Brooks: Conventional loans are not assumable, and FHA is owner occupant only.Wayne,Is that fact in policy/law or in the reality of practice?

For example in TX the title policy does not count towards the maximum interest party contribution.