There will be very little actual equity in the house if I borrow all the money.If I only borrow 110K, my monthly principle, interest, taxes and insurance ( PITI ) will be $745.

I would love to be able to leverage my own equity to finance this project, but short of doing 5 HELOCs, I am unsure of how to proceed.  

https://indd.adobe.com/view/346fb124-dc32-4191-a1e7-487f772c03eeYou can be fined, put in jail, and required to take their classes if you don't have a license and insurance from them. 

How should we split the proceeds or the loss?

If you have a 401k or a life insurance policy that allows you to invest a portion of your account.

In addition, I'd own the liability of paying for stuff when it breaks, and my insurance would cost more.

Has anyone had luck finding a insurance provider that offer any type of coverage to help with the replacement cost of expensive items such as A/C units or boilers?  

I plan to refinance those 3 properties in 3-5 years and hopefully acquire 3 more properties with the proceeds, which will of course increase my cash flow even more and get me a step closer to financial freedom.

Lelith Walker the reason for that is insurance.

Hey everyone, I'm looking to invest in my first property soon, I've been running numbers on properties but when it comes to monthly insurance, I'm not sure what's an appropriate amount to put in.