Explore Mediation or Settlement: In some cases, it may be possible to resolve disputes with tenants through mediation or negotiation.

For example, if a tenants dog bites a visitor and that visitor sues both him and you (or just you) the tenants liability insurance will provide defense for both you and pay settlements up to his limits. 

She get about 39k a year from her insurance settlement.

It is the title companies job to check this out and it will be on the Hud-1 settlement statement.

My only complaint with them was when the loan was repaid, the title company overpaid the interest due in settlement and 8 months later they still haven’t refunded or provided an explanation- the only response I get back is “that loan sounds familiar and is on my desk but the closing hasn’t been approved”. 8 months later I don’t buy it...Experience 3: Lending one - refi on the house for a long term rental.

This agreement states you should never speak of the settlement they gave you and never mention their name in a negative context ever again.

Included will be the delivery of good title at settlement, having a title search and insured title, who pays for settlement costs, when possession is given, inspection periods, insurance provisions, other issues including actions to be taken in the event the parties breach or fail to perform and disclosures required.

Here’s my share of crazy applicants “He Mr landlord let me grow weed in the attic we can share the profits ““ my wife gives massages... can we work out the security deposit ““I don’t have much money now BUT I have sued my current landlord so can I pay you rent once I get my settlement “ SMH!!

Start to finish, (because I hired a great team at every step) I only spent about 15 hours on this deal (Analysis, offer, settlement, design, contractor set up and check ins, rental stabilization, BRRRR refinance paperwork, BRRRR settlement (at Starbucks before work), Selfie with Brookie and this post.)

Fixed costs like settlement fee for instance dont drop because the property is cheap.