I always got a DP3 policy (ask your broker) with $500K liability on my rentals, topped off by a $2M liability umbrella off my personal residence.

Personally, rather than push on rate I would go for max flexibility on the repayment.

I am not an attorney, so don't take this as legal advice, but I had a lender tell me that financing with a DSCR compliments holding a STR in an LLC for liability purposes.Financing an STR held in an LLC with a 2nd home mortgage that reports to your personal credit creates a hole in the corporate veil per se.On the other hand, financing an STR held in an LLC with a DSCR loan that is qualified only by the asset's income offers much more separation of personal and business liability.

How much should I pay this person to manage the project and hire subs?

I personally don't, but I'm not carrying my groceries up and down.

This separation helps in maintaining clear financial records and simplifies tax reporting and financial management.Setting up an escrow account specifically for rental income within your LLC can offer several benefits:Financial Clarity: It separates rent payments from other operational expenses, making it easier to track income and expenses related to the rental property.Legal and Compliance: Helps in demonstrating that rental income is kept distinct from personal or other business funds, which can be important for legal and tax compliance purposes.Tenant Transparency: It provides transparency to tenants and other stakeholders regarding where rental payments are deposited and how they are managed.While it may not be a legal requirement in all cases, maintaining an escrow account specifically for rental income is a prudent practice that many experienced investors and landlords follow.

The best way to access off market deals you have to either do it yourself, which is a full-time job calling and building relationships with these cold sellers, or find investor-friendly agents/wholesalers sourcing these deals for you.Check out wholesaling Facebook groups in your area and add yourself to all of them.

Sounds like your bank simply wants your personal guarantee with your name on the loan and not that of your LLC.

@Eve Favorse networking is the best way.How many people in your personal network? 

Hey @James Thompson Such a personal question, but coming from a realtor and investor in FL, most of our markets are pretty depressed and therefore finding lots of great buying opportunities now.