And never let friends or family rent from you. 

Hi friends!

Im even referring their properties to my friends and I look like a fool referring people who then see a scathing post from me.PLEASE remove the post. 

I understand why carriers associate Condo/PUD construction with greater liability risk (I am sure being based in Philadelphia, a jury friendly city doesn't help either) but curious which carriers others are finding to price coverage without this exclusion and also price the coverage competitively.This also serves as a reminder to review the coverage when you hire a GC for more substantial or unique construction assignments. 

To avoid a dispute, it’s crucial to add the trust or LLC as an additional insured on the policy.”This is a simple but crucial step to help protect your home.Please share this post with your family and friends to keep them informed.

You should 100% have insurance because of the worst case scenarios (what if someone dies and they blame you the property owner), but it's not something you'll want to use frequently. 

You can invest OOS but the biggest thing is working with an investor friendly agent.

I've been advised to hold each property in an LLC, however I've also been advised that insurance on properties held in LLCs is more expensive and harder to get.I have another friend whose properties are help in a trust.

I make about 70k a year from my salaried job and my friend makes double that.

I heard about bigger pockets from a friend of mine that has successfully built and rented multiple properties in our area.