-comply with all legal obligations.

If you call up a random agent and ask for a quote on a $1M whole life, you are going to get the lowest possible premium that will give the insurance company enough money to keep the obligations of the policy.

@Craig RisserIt is generally not suggested to hold appreciating property(such as rental real estate) inside of a corporation(S or C).

I want to be prepared when trying to get a ratified contract (to be assigned) I have my stuff ready at hand, credit report, my business plan, P and L, and all my credentials, auctioneer, broker, Mason, owner operator of several corporations, referenced and testimonials, and a note from my Mother.Being armed with this approach can help your credibility (the seller may be meeting you for the first time and you are asking them to hold back part of their equity so you can make a deal and a profit.

They know you're a real person and not just some huge corporate company.

The folks at the PHA probably don't know she has a continuing lease obligation, especially if this is beyond the initial lease term.

We usually operate within a corporation where our preference is to issue a preferred series of shares to equity partners which gives them priority of capital return, but no or limited voting on day-to-day matters.Since we are buy-and-hold types, we mitigate risk through taking a rather dour look on future performance when evaluating a deal.  

It was not a turnkey purchase but quite similar, they proposed me the houses and a PM for the management but I was obliged to take another PM

The broker claimed some RMLO's have obliged the request. 

Having worked for a large corporation with those benefits largely covered, I've never had to consider what happens when I'm on my own.