You'll pay more in utilities, insurance and interest payments than you expect.

If so how should the LLC be structured to give you the best protection and, what kind of insurance should you get to also protect you.

I will find out more about taxes and insurance tomorrow. i would guess about $100 a month.

Do you think it is a more statistical thing like the Insurance Industry where they have proven numbers... etc?

My first thought was this was an insurance question.

I'M AN AUTO INSURANCE BROKER.

The buyer did a final walk through and found all the copper plumbing stolen and the drywall ripped to shreds.He walked from the deal - felt sorry for the sellers, they didn't have insurance.

That takes into account the buy closing costs (I usually estimate 2% of purchase price), money costs (origination fees plus interest), holding costs (insurance, taxes, maintenance, utilities, etc.) and sales closings costs (again, I use 2%, plus commissions, plus any buyer assistance.)

If you ever need some quick plumbing advice shoot me and email [REMOVED], I am a licensed,bonded, and insured in Phoenix.

Add to that, a little research turned up the fact that the top guy at NRU has a criminal record....insurance fraud.