It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

My buddy spent a year and a half fighting a kitchen fire claim.

Is an insurance company going to do a DNA test to deny a claim?

@Jonathan Perez can you provide a better description on where you are with the insurance claims process? 

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

Then tenant contacted me claiming she had a very high water bill due to the water leaking and wanted me to pay the bill. 

@Luis Vallejos I’ve purchased 2 MFHs in the last year and I have an LLC but I bought them under my name, then transferred them to the LLC via quit claim deed after purchase.

A lis pendens is an official notice to the public that a lawsuit involving a claim on a property has been filed.The types of are are as numerous as the stars, depending on what state and county you are in.

Otherwise, be careful if choosing to use a Quit Claim Deed for these transfers.FYI - The Fannie servicing guide, for about a year now, supposedly explicitly excludes a transfer into an LLC you own from the due on sale clause.

You can also purchase in your own name then quit claim into an LLC whose members are the same people who were on the original loan.