Except you insist on giving the OP a "yes" based on the generic strategy (A) while I insist on giving him a "no" based on his specific situation (B).To answer your question to me - no, I'm not trying to be controversial.

I see on amazon that they sell for $10 for appliance ones, but I'm not sure if that's right. 

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

I'm open to properties were cap rate is around 10%+ and Return on Cash is 10%-20%. 

(Even went beyond the second page of Google.)I have an investor who wants to partner on a deal by providing a loan for the down payment.

Each room will have a separate lease on it with a separate deposit following normal property management practices, and like you said, the leases have different start dates. 

Of the dozens of MFR I have closed on over the years none have been in Newark, the reason for this is it is not worth the headache. 

I was recently exploring a two-story commercial building for sale on a corner in a growing downtown area.

Sounds like you're on the right track for areas to find deals.

Hi all,Posted on biggerpockets my first deal back in 2011, this forum gave me the confidence to get it done.