If you think this distinction is unimportant, consider what happened to investors who placed their IRA funds with American Pension Services,—an administrator whose founder mishandled their money causing a $22 million loss.

Sounds like your agent FILED the claim and didn't advise you on what to do.Of course you can talk to your agent, with general questions.My agent has 30 years of experience doing thousands of investor's policies.

With you being a GC you can do better then most investors since everything can be done by you and not hired out.

What do you see as the biggest mistake new investors make.

I am a very active realtor in both the Kansas and Missouri side of the CASEY metro, and I frequently work with local and out-of-state investors, helping folks find small multi as well as STR compatible homes.

It is available with most if not all US brokerages, but the rates vary greatly.We have partners who are foreign investors.

My wife and I have been investors in the area for many years.

I asked my CPA if I should check with my mortgage company before transferring the deed, but they advised that I just do the transfer through an attorney and not explicitly inform the bank.A few attorneys I consulted also had mixed responses, saying it may or may not be an issue, and that many investors do it without problems.Instead of transferring the properties directly to the LLC, would it make more sense to:1. 

Start by networking with local investors through Augusta REI meetups, BiggerPockets forums, and Facebook groups.

I'm sure many investors would benefit from this!