The best rate/coverage for the Dwelling/Fire policy (aka Landlord policy) will probably not be with the same company you have now.

In general, what should I be reading, listening to, or subscribed to watch on Youtube so that I am armed with comprehensive multifamily knowledge, and plenty to speak about when an owner needs to be persuaded to sell at a better price?  

Banks also want to see a debt service coverage ratio of 1.2 or better.

That's a bummer you cant get into the next property because of the DTI coverage.

Costar or Reonomy will probably give you the most comprehensive data available, both are in the data business.

If you choose to buy it just get REALLY good flood coverage and be prepared for it to flood at some point.   

Ideally, you would want the Property manager to have their own Liability coverage (both professional and general liability), Workers Compensation, and Crime coverage (either in a bond or as part of their BOP/Package policy) and name you as an additional insured under their policy.

With this coverage we see no need for professional management, which would set us back $5,000 -$6,000 per year in fees + actual cost of maintenance and repairs.

This means the loans qualify based on the debt service coverage ratio (cash flow) of the property rather than your personal income. 

We just recorded the deep dive on Aurora with @Sean Morrisey that will be up next week and we are recording a deep dive on Elgin this week so just looking to wrap up our coverage on the old river towns her in the western suburbs of Illinois.Keywords: Will County, Minooka, Channahon, New Lenox, Romeoville, Manhattan @Tom Shallcross