Always remember to do the math analysis on the prospective property and try to look at the subject property before you make an offer or at least have a clause that allows you the time (about 15 days) to make a detailed inspection and possibly back out of the deal without a penalty that hurts you.Right after you close get an insurance policy that will protect you if there is a loss.  

The Partnership would deduct the interest and you should have documentation of the LLC assuming the mortgage.PM me if you'd like that friend's information.You definitely need someone qualified, does not have to be a CPA, could be an Enrolled Agent or an attorney.

I guess the smaller guys are lying or don't have insurance.

I guess the smaller guys are lying or don't have insurance.

I guess the smaller guys are lying or don't have insurance.

I have also been looking into the benefits of an LLC vs. liability insurance.

We are currently looking for a good buyers agent, an insurance company that can do both the companies insurance as well as builders risk and vacant home insurance and an accountant that not only works with but is a real estate investor. 

Hi DFW BP,I am looking for a good guide for trying to figure out insurance cost.  

They need some help in marketing but really need our help in navigating the documents and making sure only qualified people come through their home.

Yes you could potentially pay less money down if you live in one of the four units although you will also probably have to pay mortgage insurance in that case as well.