Obviously, if you are living in the property you are less likely to need a PM, but eventually you probably won't want to manage the property.4) Is the $112/month for insurance based on quotes you received?

The house was denied wind insurance from the current insurer due to the condition of the roof.

Start with gross rents, then subtract vacancy, prop mngt, taxes, insurance, utilities, repairs, capital expeditures, etc.

My accountant told me I do not need to create all these entities just need to have good insurance for each rental.

It is NOT a substitute for insurance.

It's a low crime area already but it's extra insurance we like anyway.

Insurance?

When you have insurance/liability questions about your personal portfolio pre/post investment property purchase, I would be happy to help you!

I’m an insurance broker who works in all 50 states and I see far too often people, and RE investors especially, do not have their liability separated out correctly to mitigate their personal risk..Over and over I get the same types of questions when insuring a portfolio (of any size) from people who do notnfIlly understand the lIabIlIty they are exposed to..What questIons do you often have about where your liability extends to or what you’re exposed to?

They need to call the police and their insurance company.