Word problem of the day:If a township is 36 sections, and a section contains 260 hectacres, how many acres of residential housing exists if half of the sections are zoned RD-5, one-quarter zoned AR-2, and the remaining zoned BP?

In that case (or case of significant rate increase), can I expect any of my other existing carriers to do the same?

There is a reason that the contract exists.

In addition, for us to purchase a place to call home (somewhere we actually want to exist) and leave empty while we travel, we are looking at having to spend at least $850k with no real upside or income generating potential. 

If it is occupied I would run the numbers based on existing rent/leases.

Below that and you're regulated by the state(s) where you do business.There are multiple companies that assist with RIA formation/compliance paperwork.

I have a property in South Dakota that I'm looking to purchase.This deal would be purchasing an existing sfr on a double lot, tearing it down and building an 8-plex with 8 garages.Purchase price =35kContact estimated =$575 for tearing down and construction.Leaving some leeway for error I was estimating $635k all in for construction of the property.For the rental portion I am seeing 5-1br/1ba units renting at $7003-2br/1ba units renting at $10009 garages renting at $50 eachCoin op washer and dryer $90 Total monthly income $7,040Expenses Taxes =$12,500Insurance=$2,000 (my estimation have not gotten a quote)Property management= 10%Vacancy =10%I'm not sure if I missed anything but it looked like a good deal in my head.

What happens if it's 6 months later and it's "still being processed".You need to coordinate your move-out of your existing space, moving, etc. 

(We got the properties after raising our offer and truly doubt the existence of other offers. ) The  proposed law would require that the successful bidder get to see the other offers before signing the contract.  

The listing says that they would like to stay but as the new owner can i say bye bye and screen new tenants. or do the existing tenants have to stay.