Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

I've helped dozens of tenants become home owners through lease options.

If your insurance coverage isn't enough, they could seize the LLC assets but not your personal assets.Additional thoughts:1.

There are still some docs required (ID, bank statements, copies of leases, copy of insurance, etc.), but it's WAY less document intensive than a conventional loan. 

Have you ever stopped to think about how much wealth you’ve built up just from being a homeowner?

We've never even had a tenant try to sue us over a security deposit dispute.For the last 10+ years, I have occasionally asked for just one example of an investor that was sued, lost, and the judgment exceeded their insurance coverage.

Explore insurance options as well!

In suburban chicago, if you bought a home owned by a famous gangster, politician, or businessman, does it add much value? 

Any recommendations for Umbrella insurance providers for each partner to cover any liability?

Who's name is the lease in, tenant or insurance company?