That on top of the escrowed payment of 1 year of property taxes and insurance upfront (which was not disclosed to me, until I got a loan estimate) has also increased the down payment by $7,500.

What are some of your liability and insurance challenges in your area?

Refinanced the mortgage and property taxes and insurance are 700 a month each.

You guys will probably have to buy a house together personally and contribute the asset to the LLC if you really wanted an LLC(or get a good insurance).

@Aarti Bambha  Our group insurance agent  can work in both States.

Price is 210000 taxes are 2100 insurance is 1400 vacancy should be 1 to 2 percent .

Here's reasons why-https://www.biggerpockets.com/renewsblog/2013/08/1...In short though, I don't see a benefit to an LLC for one property that would cover anything more than an umbrella insurance policy would, and umbrellas don't bring all the drama that LLCs do.

@Alex StauntonA quick analysis:Monthly ExpensesDebt +Taxes+Insurance+Other Expenses ($4,800+1,100+200+3,000)=9,100Total Monthly Revenue = 9,000You still have not included property management (if we assume a 10%) you are looking at about 10k in expenses and 9k in revenue. 

Whenever I need a contractor, I just do a search in the group--of course, I still verify with the person that recommended them and my own vetting process which includes a CCAP/License (if applicable to job) and insurance check. 

Hello,I'm looking for a local company in MN that is willing to insure and provide workers comp for a General Contractor.