FYI Dominic, the resident had been in the property since early 2019 and ran into issues in 2024. 

We have had a pipe burst during the cold winter months, the roof needed to be replaced (thankfully covered by our insurance), and some issues with electrical, which hasn't been majorly updated since it was built in 1973. 

Quote from @Marc Zak: Anyone have experience on the issue of getting insurance on a property held in an LLC?

:)I am sure this is a solvable issue with some work.

Quote from @William Dorrough: I currently either purchase and value add large scale multifamily properties or develop, and build ground up my issue with scaling is we have done this without brining in investors i have a great deal flow with a good track record im really looking to do more i have the capacity but have the need for more capital in one way or another  Scaling without investors can be tough, especially in multifamily.

If you want me to send you my link tree it will show upcoming events at my mortgage brokerage A and N (we host events with investor groups, and networking events weekly).

I do have additional coverage for the sewer since I knew it may have issues before I bought the property. 

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Multiple ADUs on any is not allowed, but I have only heard of it being an issue in SF zoned areas or if unit count hits 5.If you want to be sure of getting non-commercial F/F follow the rules.