@Fernando Gomez I’ve used foremost for a construction policy but am now going through a local insurance agency that has a company can’t remember the name but they’re insuring one building then letting you “link” four more qualified buildings under the same policy so my original policy was around $1700 but the subsequent ones have been around $800.

You're past the beginner stages of investing where the goal is to simply do a deal or two & learn, and subsequently have more options now.Really the question is: what is your investing goal?

Otherwise I would increase the rent 3% over the last lease amount and 2-3 percent in the subsequent years of the 5-year lease.The happy news is:  if the tenants don’t like that then it’s a great time to sell.  

Conveying your property into an LLC may change the "taxpaying" entity that owns the real estate, which could be a problem just before a sale and immediate/subsequent 1031 Exchange. 

When economy goes down those marginal areas and tenant base will crater as they live hand to mouth.

It shall be an unfair or deceptive practice for an owner to: (a) require a tenant or prospective tenant, at or prior to the commencement of any tenancy, to pay any amount in excess of the following: 1. rent for the first full month of occupancy; and 2. rent for the last full month of occupancy calculated at the same rate as the first month; and 3. a security deposit equal to the first month's rent; and, 4. the purchase and installation cost for a key and lock.or, at any time subsequent to the commencement of a tenancy, demand rent in advancein excess of the current month's rent or a security deposit in excess of the amount allowedby 940 CMR 3.17(4)(a)3. 

Account ClosedFirst, determine if you really need to have an LLC - put your near, mid and long-term real-estate goals down in bullet form and meet with your accountant to determine the best ownership structure for you now and how to evolve it as your business grows.If you decide you need an LLC, have your real estate agent make your offer & subsequent contract with "Fili Aguirre and/or assigns"  as the purchaser and communicate to the vendor you may place the property into an LLC upon Close, you should have no issues making the deal first.

Subsequently moved across the country and kept our 3 bedroom 2 bath 1700sqft house.

In the event any check given by Resident to Management is returned by the bank unpaid, Resident shall pay a $30.00 return check fee to Management as additional rent in addition to the aforementioned daily late fees, with all subsequent payments thereafter due and payable in certified funds."

Warranty coverage is transferable to subsequent owner-occupiers only in owner-occupied residences."