If your a buy and hold investor, are you planning on putting the properties into one persons name and getting traditional (30 year) financing (traditional mortgages are for individuals, not LLC's) An umbrella policy for a few million is a cheap way to take care of liability, and even if you have it in a series of LLC's and your 5 entities from it, if your involved in the rehab, and someone gets hurt because of neglect or something you should have know, you liable...and if your managing a rental and something goes wrong, your just as liable.

@David Krulac it all depends on if the appraiser feels the items can be fixed for $5,000 or less.

Did the buyers get a loan through a traditional bank?

Any advice related to both of these items would be greatly appreciated.If it helps any, I am located in Colorado, and hope to do business here.

I have been listening to most of the podcasts and I keep hearing that most of the investors say they have exhausted the way to get a traditional loan, What is the maximum amount?

Have you notified the landlord and given them an opportunity to address legitimate items?

Talk with smaller banks I was able to get a traditional loan for 33k

Max amount in an FHA loan is ~$600k (I will not qualify for this much), realistically 300k-400k range.Thinking of building 4 3x3's either traditional build or shipping container build using 40x10 and 53x10 high cube containers.

@Pete Tam Each area has a "common for the area" or "traditional for the area" for example Northern California is different from Southern California where as in NoCal the buyer pays for owners title and in SoCal the seller pays owners title.

A lawyer probably isn't the best person to tell you how to develop a business plan for real estate- they're in the law business, after all, not the real estate biz ;) To know what are effective strategies requires being directly active in the business.You may well be able to garner enough info here on BP to help you with your items #1 and #2 above.