It ended up costing the insurer in the mid-6 figures because they did not want to settle and set a precedent (if my memory serves me correctly).I believe that it was a dog bite where a neighbor's dog bit a child - on our property.

(Fun note, auto correct tried to turn vacancies into vampires.

@Ali Boone and @Lynn M. are correct that you should not assume rents are proportional, particularly in our area.

Could we use a quitclaim deed ( Not sure if I even understand that or if I am using it correctly)?

We would love to start off with that being our technique, but we do not have the ability to come up with the money ourselves.

So you're in the right place if you utilize it correctly!

A HELOC (or Prime Equity LOC to be semantically correct when it involves a rental as @Chris Martin has pointed out elsewhere) will have its adjustable interest rate pegged to either Treasury or LIBOR.

For those of you who are title experts (or have experience dealing with HOAs), I got to thinking about a hypothetical scenario today and I wanted to get some outside opinions to make sure my assumptions were correct....Scenario: Suppose I owned a house or condo that was part of an HOA.

@Edward Burns, correct the upcoming hearing is about lost.

Might be correct but now my buyer in years 11 through 20 will have way more repairs to the property reducing cash flow.