This is in direct contrast to a domestic LLC, which is a company formed in the state in which it will be doing business." 

By contrast 95% LTV with bad credit would be 2.15% for PMI, which would be $250k * 2.15% / 12 = $447.91 per month.

Forums have lots of contrasting opinions so you kinda have to figure out what your thoughts are compared to the many differing views.

If you’d like to learn more, I wrote a blog post on BP a while back comparing and contrasting the different strategies here: https://www.biggerpockets.com/renewsblog/2015/09/15/wholesaler­fix­n-flipper­buy­n­hold­investor/

My thoughts for wanting the T12's are to be able to present to my investors the contrast of the current returns and the upside potential for when we put in the work.

Contrast this with a regular partnership, which may or may not be structured as an LLC legally, in which all partners have the same level of liability.  

3- Cost of ownership- I know NJ property taxes are some of the highest in the nation but I can't find out too much on NYC taxes fees etcAny additional info you can provide to compare and contrast the two markets would be appreciated even if its something that I didnt mention above.

However, generally when an appraisal comes in low it's prudent to share it with the other side of the transaction to justify any price reduction (when an appraisal comes in high, by contrast, you NEVER share it with the seller or listing agent!).

I've never actually run into a title company that won't accept an assigned contrast.

MF in contrast is now 30 percent above the previous peak.