@Kristi Kandel No, WF nor anyone else can give a conventional loan to an llc, period.....it is Fannie/Freddie guidelines, not the lender’s choice.....common knoedge.  

I think this might be a better choice that doing metal bars on the windows for the most basic reason it looks better.

It sounds like an easy choice - if you don't like the numbers, the realtor and the basement flooding is simply icing on the cake I'd find another realtor who has good reviews/was recommended to you and explain the situation to him/her. 

I've narrowed it down the choice between two carriers and there's a significant price difference between the two, as one offers replacement cost and the other actual cash value.Purchase Price:202,500 Loan Amount: ~$160,000Option 1: $1500/yearCoverage Amount: $205,000 - ACTUAL CASH VALUE Includes: Liability, Earthquake, Loss of useOption 2: $2,800/year Coverage Amount: $500,000 - REPLACEMENT COST Includes: Liability, Earthquake, Loss of useI can't decide which policy is more appropriate to protect my investment.

@Dan L. this is certainly a personal choice.

Asset protection is a matter of personal choice depending on your risk tolerance and the amount of liability you're likely to encounter.

The actual percentage whether 1% 2% or whatever will vary by market and personal choices.

To find the SEC 8 landlords, search for the Housing Authority website in your county, then find the tab or page for Housing Choice Voucher, then search for Available Housing.

Standard acquisition fee is 2% of the purchase price paid at closing and asset management fee is 2% of the collected income (paid either before or after the preferred return - your choice).

Keep talking.I will mention - I don't understand why the pref model isn't the exclusive model of choice.