So if something ever happens and the loan goes delinquent the only recourse is the subject property, but if the delinquent property is in an LLC with let's say 4 other properties then those assets are exposed to the LLC debt holder - if that makes sense.But they will ask to see personal liquidity all the time so they can feel comfortable with the payments being able to be made for 9 months.

You end up paying double.Just some food for thought from an REI and bookkeeping firm owner.I'm happy to discuss more and get into the weeds.

Or Another strategy I heard is you get another policy with the name of your LLC/trust as the primary policyholder, identifying the mortgage company as well, then adding the seller as an additional holder. 

Quote from @Jay Holder: My goals are to continue to learn about REI and to purchase my first property in 2023. 

I had to book a hotel at same place they holding: Total expense: $1000 + $500 + Food/Toll/Gas = about $1,800ish Schedule : 8:30am to 5pm.

@Kirk Garner here's our standard copy & paste food for thought:).Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

I would just put a few more snap traps around, seal the holes to the exterior that the mice are using to get in and out (sprayfoam is your friend for this), and make sure the tenants remove any food or trash, water, whatever is attracting them.

I will look into the current note holder and see.

@Sheifta Anwar Highly unlikely….banks know they get the best price by getting on the market and most banks are just servicing for the actual loan holders…and they have policies to put it on the market.

I'm a buy and holder, but looking to be a build and holder.I know I'm nothing but questions, but I'd be so appreciative of any information at all you could provide.