Whether that is staying in the family business or doing something else.

Just put yourself in the shoes of the other side of the deal and consider what numbers would make sense for them.Appreciate the advice !

Price and the timing was primordial to this investment, having to settle down and call a place home How did you find this deal and how did you negotiate it?

The landlord has no interest in the personal property coverage, but they absolutely have an interest in the liability side.When the landlord is listed on the policy as "additional insured" it extends some coverage from the tenant's policy to the landlord in case of certain liabilities arising from the tenant's use of the property, like accidents or damages caused by the tenant's negligence.

I would have to agree on the inflatable as well.

I have gotten a lot out of listening to the podcasts while I drive, and then I often order the business or real estate book that the guests recommend. 

Hi Eileen,Is the property vacant? 

I created the diagram below to help guide you through the decision of whether to keep or sell.

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

Unless you have evidence the tenant caused the crack, you are out of luck.It sounds like there should be a bead of caulk between the sink and the wall to prevent water from seeping down.It also sounds like you should inspect at least once a year so problems like this don't go undiscovered for so long.