It's not just MO, but most states are set up with the same Work Comp laws.Besides making it mandatory for each to carry their own insurance, here are a few solutions some of my clients use,1)  Have the 1 man show purchase a work comp policy with "if any" payroll and exclude themselves from the policy. 

Has anyone ever done any lending with this private lender. I am about to sign a contract but he wants over 3,000 up front before he gives me the loan. I need advice.

Well, there are times when whole life is the best solution, then we had to have a more in-depth learning experience with me back pedaling.

or just put some lipstick on it and rent it..... last time I bought a property i was all goody goody as well as paranoid and got a mold inspection which now has that property on the hazmat list till i shell out some 20k to remediate it (which mostly seems to consist of guys wearing cosmonaut suits, just like in Ebola land, spraying a cleaning solution, and billing $100 an hour each.....- not to say that mold remediation isn't important, but maybe I could have gotten rid of some of it myself before calling in the mold specialists.) 

So our solution is to have him put 100% of the down payment down into the LLC. 50% would be his down payment and 50% would be a loan (no interest) for my down payment.

These older buildings make for aesthetically pleasing apartments, but, unless the building has been modernized (particularly the building envelope) in the past 30 years,  the operating costs of some of the old stone and brick multi-units can have operating costs in the 60 - 75% of gross revenue range.The other thing to watch in Saint John is the local economy - which is struggling a bit despite the recent announcement of the refurbishment at the refinery.We've been watching this market for a few years and there are deals to be found, you just want to be most conservative in your analysis to leave yourself with sufficient cushion.Fredericton has a fairly stable rental market - being a predominately government and university town - but a recent wave of new construction has seen vacancy rates climb from 2-3% to 6 - 8% and I think we will starting to see a little pressure on those landlords who provide their tenants with poor offerings.  

,Congrats on being persistent and finding a solution!  

Thanks Max - yeah, that's actually what the plumber suggested too, and I might consider that as a short term solution, but to be honest, I wouldn't put up with that as a tenant for very long (snaking a clogged toilet is not a particularly pleasant task), so I do want a more "hands-off" solution in the loner term.

I am highly motivated and rarely fail at anything, but when I do, I pick myself up, analyze the mistakes I've made, and provide an immediate and long term solution.

I am a recently new member to biggerpockets also I am a new RE wholesaler investor that has just opened the doors to my own REI company Wilson Property Solutions.