Then my home owners insurance on that property has liability coverage so I should be able to contact them to cover my LLC?

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Around here I normally calculate about a 30% overhead when evaluating a property, but I’m pretty sure I’m gonna have to bump to 40% to cover the increased insurance cost there.I’ve seen a fair number of SFRs that look like they would provide 8% gross using the only tools I have available over here, which is rentometer and Zillow.

@Holly GrippeHi feel free to shoot me a PM, I gotcha covered ✌🏽

Your annual depreciation on the properties will more than likely cover all your cash-flow from being taxed.Best of luck to you.

A: "He's fine, but his kid lives in the other unit and is kind of a terror".A: "Yeah" (*quickly covers ash tray*) they don't come around much, and leave me alone, and I like that."

If the apartment was left in decent shape their base fee is $150-200, and that I would cover.

I ask this from the perspective of a HML being covered 100% and using the cash out to pay off a HML. - Saying "Loan to Value" is a good term. 

If the market softens, you have a defined rent, but if it strengthens, you can't increase rents beyond what is defined in the term.As noted, NNN is a broad classification, so you need to read all leases to understand what is covered and what isn't.  

So my question: Would I legally be able to keep the security deposit to help cover the water bill, given that we found the faucet on previously?