Landlord looking for financing advice

[Jared Shoemaker]

So I’m new to BP and have been reading alot of the forum and I’m looking for guidence.  So currently I own 2 duplexes, a 3 unit, and a single family home.  The single home I own is paid for and I use the equity to purchase the other properties I own with no money down. The bank I deal with does commercial mortgages for 15 year adjustable every 5.  And They work with me pretty well. So I’m looking into purchasing more properties but I’d like to make more money monthly by keeping the payments lower,  how do current landlord finance? I’m figuring a 30 year mortgage that’s due in 15 would work well but the local bank I deal with won’t do that.  So is it just a matter of finding a bank that will? 

And what’s the best way to insure the properties?  They currently all have full replacement value through Erie insurance.  Ive never had a claim so I’m not sure how they’ll handle a claim but I know the agent and the office ppl are easy to deal with.  Is full replacement to much? Should i just have enough I’m comfortable with if it burns down? Are there better insurance company’s to deal with? 

Thanks for your time!!