Generally, if you own only one house, you insure that house for the standard amount of maybe $1 million and if you want to increase it to $2 million then you would only pay the additional insurance for that policy.But, lets assume you have 5 rental homes and you don't want to pay the additional premium to increase every policy to $2 million.

BP, FB, etc.Also, I can probably supply you an operating agreement as well if you would like for much cheaper than a lawyer.Yes you can use a standard operating agreement.  

@Jesse Stein @Allen McGlashing you guys should be setting your standards much higher...even top producing investment real estate agents should be responding quickly (within 1-2 hours)...and you should have a system setup for offers...they should go out within an hour or two of your request.Stop working with agents that work at big brokerages like Keller Williams or HER...I know there is a bunch of these good ol' boy brokerages out there, but they are tools of the residential industry...not investment specialist for local markets...find a small local firm and start interviewing agents

I'm closing on a quadplex this week but it's only has two electrical meters.The property currently has tenants in place but the rents are low so I will be raising rents to meet market standards.

I'm working on selling a 10 unit multi family and buying 2 self storage facilities on a 1031.

@Lauren Alpert They broke the lease and by most states legal standards, they should be penalized but you are in CA so all bets are off.

The standard size from Home depot will not fit.

@Austin Johnston Berea is where the Cleveland Browns training camp and practice facility is.

Conventional loans have minimum standards for condos and the presence of an HOA is one of them, you also must have a budget, and at least 10% of that budget must be held in reserves by the HOA. 

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