At one point the mortgage company wanted to know why my name was not on the insurance policy for the homes (it was in the name of my LLC), and at that point I spoke with my insurance agent who added my name back to the policy along with the name of the LLC.Best of Luck.

I'm aware of HOA cost and renters insurance but haven't figured in and flood/disaster insurance yet.

For the rental: I owe $1,054 monthly for Prin, Int, Taxes, Insur.

With Quit Claim Deed, no title insurance can be obtained.

I also keep the total amount of all my insurance deductibles for each property in reserves in case emergency comes up.

(Utilities at the street)Obstacles: I had the first title company pull records (600 pages) who said their underwriter won't approve the deal for title insurance because of her appeal and court history.

4: How reluctant were they to find a good solution in case you ran into an issue ( foreclosure, delay in payment, insurance issue )with borrower after buying the property?

But I've been trying to justify house hacking, and without using an FHA loan (I'd rather not pay the extra insurance) I'm finding it hard to see the benefits.

Call your own insurance agent to get a quote for the building.5. 

From fully automated Kiosks (an ATM looking thing that rents the unit, sets up auto billing on tenants bank or credit card, dispenses a lock if the new tenant wants to buy one etc), to smart phone Apps that do the same thing (except vend a lock) to 24 hour USA based call centers that will manage the business and rent the units for those customers who want a human to talk to (and the Kiosk software, smarphone App software, and call center sofware can all be seemlessly integrated within your business management software.