For structuring your business, consider whether you actually need an LLC or if umbrella insurance might be a simpler alternative.

@Adam Newman yeah, not understanding your statements, "I have $50k plus about 7k in the bank" and "take out a loan and go in with 20% from the start?".

SW MN is hard to find Landlord Insurance, all local insurance companies say thy quote you landlord insurance, but they realy quote you general home owners insurance.

Hi Benjamin, call three insurance companies and get a quote, start there first.

You could get a loan from a local bank or private lender to fund it

@Chinku Chinku how is paying the loan balance down going to help you reach your goals?

When I first started out, I was insuring everything with USAA.

Outside systems like plumbing, sewage, and the water heater should be in good condition, and make sure there are no signs of pests.Additionally, look into property taxes, insurance costs, and zoning laws that could affect future development.

In addition to checking into a conventional loan you can look into creative financing.

If your company does these loans, or if you know of anyone who can do these loans please reach out!