In addition, the cost of the PM is already baked into the deal and it still makes sense.HOWEVER, it seems that already living in the duplex means I'm halfway there and it would be a good piece of education for the broader process of REI.

We had a much broader conversation this time.

@Vlad Denisov focus on cashflow and do a good sensitivity on vacancy rates and you’ll be fine regardless of the broader market.

The broader question is... 

Here are my first thoughts:- set up a separate account under the LLC that auto-pays my monthly before I get anything- hold enough balance in that account to pay for any possible vacancy periods- I'll pay and put in the time for both any legal addenda necessary, and to set up this 2nd account if they want it separate from the main LLC account- or maybe there is a broader structure that keeps my lien out of the LLC entirely?

I make decisions more quickly now without having to agonize endlessly over second and third level details that don't mean anything in the broader scheme of things.

But to touch on the inspector issue in a broader sense, I generally don't use them.

Does your 10-loan limit give you broader horizons?

That should give you a broader understanding.

That said, since you asked... as a lender I would not allow the title company/insurer to limit my coverage (ALTA being broader than CLTA) without a valid, verified reason... in writing.