But put in the ad for the auction that there are tax liabilities, liens, whatever, and that the sale is as is where is. 

Pros:Access to MLSLarger real estate networkMore knowledgeGives more credibility with sellersPuts more money in your pocketCons:Annual continuing education requirementsAnnual dues for local, state and nationalCosts associated with hanging your license with a brokerageHeld to a higher standard in a court of lawAll in all, I say the license if more of an asset than a liability, but that is just my opinion...

@Kris Langlois LLC(Limited Liability Company) are just that. 

I have an insurance agent who got me a builder's risk policy, which has $500k in liability associated with it.

A good way to do this would be to have whoever wants you to manage their property add you as a 1% limited liability partner.

So our HOA general liability policy covers the exterior and interior of our townhomes, excluding personal property.

You may be paying a higher interest rate than if your score was 700+.Being able to qualify for a mortgage depends on several factorsDebt-to-Income Ratio - If you take on the additional mortgage payment as a monthly liability.

I was hoping that if I put the property in an LLC, I could deduct all the housing expenses of that property against my personal income, reducing my personal tax liability.

And what you learned in foreclosure is you need to make sure the for closure is complete and all of the other liens liabilities and obligations from thePrevious owner and/or financial institutions are completely discharged and that you’re able to get clear title of some type.

We purchased the old house for $393k, but with taxes, insurance, utilities, repairs, and other monthly costs, it brought us up to a large monthly liability.