If you sell your only overachiever to go with a more leveraged position, you could have 2-3 properties that may cover themselves or even provide a little profit, but when the rental markets shift (and they do), now you have 2-3 properties that all require you to supplement for their shortages. 

Yes, I require renters insurance.

If the LLC owns a property in a different state, most of the time, the other state will require you register your LLC as a foreign LLC. 

As you may have found in your search, there are lenders that will lend up to 80% of the appraised value on investment properties and don't require an appraisal.Let me know if you'd like me to point you in the right direction.

They don't require employment verification, income or tax returns.

You are aware that PadSplit requires you to convert your living and dining rooms into additional bedrooms, right? 

Below is straight from their FAQ:"VA loan assumptions do not require the home to be your primary residence, making them a great option for real estate investors.

My plan is to develop five 1,200 SF units, allowing tenants to lease multiple units if they require more space.Recently, a 62,000 SF medical building from a Reputed Hospital Name opened directly across the property, which reinforced my belief that a medical office setup would be a strong fit for this location.

We've added central air and ductwork when we were also doing other remodleing that already required wall demo or wall replacement/moving. 

Even if inspections aren’t required now, that could change in the future.