I haven't turned over our estimates as I told our realtor that the estimates won't cover the real cost to us, which is higher due to loss of use (no rental income while work is being done) and time that we'll have to invest in hiring and coordinating the work. 

It covers your down payment and in most cases the closing costs depending on what state you live in or County.Focus on 2-4 unit multifamily homes first if possible because you can use 75% of the rents per month of each door/unit as income to qualify. 

I guess my questions is: could I purchase one policy that would cover the tenants in multiple units?

@Kelsey Vander Meulen unless you have a great team lined up, especially someone who can address a burst pipe or damaged roof late night or on a Sunday, hire management.

The building stock is like all the other Chicago urban core burbs, so expect lots of 1950's and 60's construction with galvanized pipes, flat roofs, boilers and outdated electrical.

For 18 months, my company will have me rotating between Houston, TX; Midland, TX; Oklahoma City, OK; and Pittsburgh, PA, covering both my housing and car expenses.Goals & Investment Strategy:My goal is to save aggressively over this period to build a strong financial foundation for real estate investing.

In retrospect, some yellow flags found by the property manager during the tenant screening are now bright red flashing sirens, but the tenant showed decent credit, had a positive previous landlord reference, wrote a charming cover letter in his application, and applied through the referral of a reputable real estate agent.

Insurance shouldn't be bad as this is a condo, so a lot of potential risk is covered by the HOA insurance.

Enjoy the beautifully landscaped backyard with a covered patio, pool, spa, and RV parking.

External is usually where they want to approve the color of the house, types of materials, roofing, landscaping, driveway condition, etc.