It's the cash you put in that's your cost for the property. 

I've been interested in it, the cost was pretty high on the Pace Morby one

The property offered a balanced investment opportunity—enough to significantly enhance its value through renovations, yet manageable in scope and cost.

Get replacement cost hazard insurance along with an umbrella policy of at least $1M, probably double in your area.

What are the pros and cons of each, and which offers the least restrictions, flexibility and cost savings for my intended purposes?

It's a good practice to overestimate costs and underestimate after-repair values (ARV) to keep your expectations realistic.

To achieve this, I’m planning to scale rapidly by performing a couple of syndications to acquire a larger portfolio.I currently have a portfolio of 17 properties, but to justify labor costs and create a sustainable structure, I need to expand quickly.

Hire an attorney to handle this, or it'll cost more and take longer than necessary.

I manage 400 rentals and the most significant claim ever filed was a kitchen fire that cost $20,000.

I want to know is it more cost effective or easier to purchase the property alone and put it in a mortgage in our name or purchase the LLC from him that holds the property within it.