If you had to use insurance for one rental, that would push the premium up on the whole policy, wouldn't it?

Often times if you lower the rate, the fees go up and vice versa.

BTW: most owners that have hired a PMC, don't want to speak with you, much less meet with you in person to hear a hyped-up sales pitch.Also, you want to do rental arbitrage - so, you will need to be properly licensed to manage properties you do not own as required by your state & local laws.- why would an owner want to do business with someone NOT properly licensed?

I used a hard money loan to purchase this off market deal.I rehabbed the upper two units within two and a half weeks and have a renter already lined up for one unit.

I went from growing up in a hut in Vietnam and spending my early years in Section 8 housing in the U.S. to now owning four cash-flowing properties (8 units) across three states.

Too many investors waste money on general handymen trying to fix everything, only to end up hiring a specialist later anyway.6.Each property should have its own bank account.

Can anyone tell me why properties in Illinois show up when I search for properties in East Tennessee?

This means that the bulk of the expenses are not going up annually.In addition, if OO you get to write off the property tax and interest to the SALT limit ($10K). 

Screw up an investment and you'll lose the money and the relationship.

From tax stand point I would think you can separate from primary and be okay with IRS being that IRS will not be local code enforcement.