This can be beneficial for a couple of reasons.Installment #9 Insurance Issues For The Real Estate Investor Umbrella Policies- Avoid the pitfall of assuming they are a panacea.

All of the folks who sign up for Pro membership will get access to these.  2 hours is enough to outline some of the major bullet points and pit-falls, and to give people a better sense of what these calculators are and are not.I would be happy to do the work.  

I know real estate investing is hard work and there will be tons of pitfalls along the way.

Too many potential pitfalls...many stated right here on BP from those who realized too late that they simply were not prepared for the challenge. 

So, management and insurance is your best route.Having multiple beneficiaries who are unrelated would be scary to me, I would never have investors in a trust lending operation, any one who does should spend a bit more with a good trust attorney as to pitfalls and expenses of infighting with a trust.Trusts certainly have a place when assets are sizable, if you really don't have assets to protect in an estate planning world, you're probably chasing your tail.

Also do you have any tips to share on what the investors/owners should look for when hiring a New PM and pitfalls/gotcha that one can avoid.Welcome again and look forward to networking with you here on BP!

What are some of the pitfalls there?  

What all should I consider in order to avoid potential pitfalls for my lifelong friends and myself?

Has anybody had success sub-metering the gas and water for each unit and are there any possible pitfalls you are aware of when doing this to a deed restricted low income multi family?  

There are a lot of pitfalls surrounding that strategy, but it is one we use often.