(any help on properly classifying this will be appreciated) And then you have to form a new LLC to become the trustee of the other 3 real estate trusts that you want the original LLC to be replaced.

I would do at least a 20% down on a commercial loan for 5+ units so that it is classified commercial and you can have more control over the price and resale of the home in the future. 

Thanks, I actually didn't even think about simplifying it as simply classifying them as roommates.

I would classify my neighborhood as blue collar, lower working class. 

Having a low min and accepting non accredited does not classify you as inexperienced.

The lot is classified as G-MU-3, UO-3.

I'll share the basic details of my policy as well as the process we are being told to follow via insurance:$55k +/- fair market value of home$75k insured value classified as "replacement cost"$3k deductible with fire, water and smoke damage coverage$3k coverage on loss rents$39k principal balance left on mortgageWe submitted the claim online with the photos below.

Does the home have to be classified as a multiple family dwelling by the taxing district?

Your looking for the heading  Notice of Petition to Administer Estate.Grab your local newspaper and check the classifieds. 

I can assure you not all 1 million  are doing deals or have ever bought a rental.. they pop on get excited realize that this is just another JOB although a 1099 instead of w 2.. and some like it and flourish others well not so much.. much harder than it looks.I just spent the week and will go back today in what many on BP would classify as a guru event.. ( invited guest speaker) and this is a very niche product.. and so that extent the audience from what I could see is pretty advanced.. most successful business owners looking to pivot and we were talking about deals starting at 2 million basically and up to 10 to 20 million.. but there were also a few that are starting at the bottom and paid to be there and i think while not cheap and most on BP would gasp.. but if they pull it off they will have far more success than most trying to buy a 200 a month cash flow rental.. their starter projects are going to make them 30 to 60k a year net first one out of the gate.. but question can they get there ???