For example, I have a main account that is for my holding company, sub-accounts for each property, and sub-sub accounts for security deposits and things like CapEx for each property.

Quote from @Jaycee Greene: Quote from @William Taylor: Hey there BiggerPockets members, I'm an upcoming agent practicing running numbers on different duplexes and investment properties I'm seeing on the market, here to share another report I'm working on for feedback.

The LLC is what makes that difference.

I am not sure what the means for insurance payouts, replacement value and property value are VERY different - does anyone know?

They must be very low odds because insurance companies are in the business of making money, not paying out maximums.Nathan-Every state has different laws believe it or not. 

That may differ by state.

However, if this market is likely not to appreciate it's a different story.

No way to say for sure since each lender is different and I have no idea of the terms you need or your FICO, but it is typically the prime rate plus a couple of points.

. - that might be a situation where you would want to work with a contractor directly because you would have lots of different options with widely varying costs.

Our main goal is to ensure we’re properly protected.Additionally, should we allow pets in our STR?