I just can't accept such a constant ever increasing loss, even if I can afford it. 

I'm not sure if we can do business together, but we could certainly chat and see.

I wish I could pull something off like that... basically, its a fee to make sure you don't waste the lenders/broker's time.

I'm not sure if that is because they are considering it lots of little repairs so it doesn't fall within the guide line or what.  

Going back to the OP, I'm not sure what fees NY charges for LLCs and how many properties or businesses he has but I think these "asset protection" companies overcharge people. 

Sure, mortgage insurance eats into your cash flow a little bit if you're putting less than 20% down but in the scheme of things it's really not that much.Also, you won't have 20% equity in your property in a year assuming you put 10% down unless you are forcing appreciation or you somehow get some high market appreciation.

By 2030, we want to have grown a portfolio of over 100 units, created a property management company that manages an additional 100-200 units, and, finally (and most importantly), we will have established a non-profit that is focused on quality, affordable housing that specializes in providing housing and resources at/on the "services cliff" alongside financial counseling and first-time home buyer education in our target area.Our target area is the Springfield, MA and Hartford, CT areas with dreams to expand to Central Massachusetts (Worcester, MA), Southern New Hampshire (Nashua, NH), and Southern Connecticut (New Haven, CT).Would love to meet up with likeminded individuals in our area!

Just make sure you screen, screen, screen. 

As for holding a home and building another one - be sure to include carrying costs of the first home while building the second.  

This simple update has big implications for property owners, allowing small repairs and maintenance to be handled more quickly and affordably.