Talk to your insurance provider about your concerns and they can recommend the right coverage.

Can you subdivide and sale extra land from these two properties?  

Also, keep in mind that an IN multi member LLC would require a separate tax return, so you would want to budget for extra admin fees.

It sounds like a few people on this thread don't really understand how PMC's operate or why they may charge extra fees.

Just wanted to provide the BP community with some context on this thread...Our team provides affordable housing for residents in multiple states, and unfortunately sometimes we run into unruly residents.One such resident is Shawn Sheedy.

Last piece of advice is to surround yourself with quality service providers (real estate brokers, lenders, accountants, attorneys, PM's, Contractors, Insurance Brokers)., They will be instrumental to your business. 

This experience has provided me with a strong foundation in acquisitions, valuations, and deal sourcing.

The home was then sold for a profit, providing a strong return on investment.

Even after one year, that property may provide thousands of dollars worth of appreciation, you will pay down your loan and build some equity, and you can depreciate the asset. 

Personally too, I look for the best quality and always provide that to all my clients.