Lenders want that security, especially with newer LLCs, and often, you’ll need to show personal backing.A DSCR loan (Debt Service Coverage Ratio) is an option that looks at the property’s cash flow rather than your personal income, which is why many loan officers suggest it for newer businesses.

He found it challenging to get comprehensive info on their historical performance and the underlying assets.

I would like to hear your thoughts when it comes to looking for insurance coverage.

I would be more focused on getting adequate insurance coverage.

PocketGuardWhat makes it unique: PocketGuard is a comprehensive finance app that allows you to monitor your net worth, watch your cash flow, and track all of your recurring expenses.

My agent, for instance, called me just days before a storm to remind me I could still bind policies and even updated some coverage to ensure I was fully protected before the storm hit.

I also had some property I had to find different carriers for as well as having them remove the roof from coverage and other lame games.

Use this guide to conduct initial searches yourself, narrow down the list to your top three properties, and then engage a title company to perform a comprehensive search on those shortlisted properties.

Any suggestions for what coverages need to go into the property insurance policy? 

Along with the entity formation expenses if you create the separate management LLC, you will want to have general liability and perhaps even E&O or professional liability coverage.