Just make sure you've got good insurance.

I am an Electro-mechanical engineer by education, and I currently work as a software/controls engineer in the HVAC space with a stable job and good income.  

-LLC is not a susbtitute for liability and umbrella insurance.

We just purchased a property with four mobile homes on it. I just got a quote from Foremost and almost had a heart attack. Who do you recommend using for a policy that won’t cost me my firstborn child?

You need the correct insurance and that’s it.

Long story short the house is in bad shape, insurance hit me below the belt, and I can't sell this place until it's repaired.

@Chad Day your insurance looks low for $240,000 in Building value and 3 units.  

We will only be starting with about 20k-30k and we had originally planned to start flipping houses to build capital quickly, then build our rental portfolio to create stable passive income, and then build other tiers. 

You'll be paying interest on a loan, property taxes and insurance while you are doing the renovation and then waiting for a tenant, which brings up the last point.

So, we have to go through our insurance.