E.g. a 2/1 in a neighborhood of 3/1 houses could be made more valuable by adding a bedroom, making it more in line with the rest of the homes.

GENERAL RELEASE KNOW ALL MEN BY THESE PRESENTS: That I/we hereinafter called _____________ for and in consideration of the sum of One and 00/100 ($1.00) Dollars, or other valuable considerations, received from or on behalf of , _______________ hereinafter called _____________ , the receipt whereof is hereby acknowledged.HEREBY remise, release, acquit, satisfy, and forever discharge the saidAssignor, of and from all, and all manner of action and actions, cause and causes of action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, judgments, executions, claims and demands whatsoever, in law or in equity, which said ___________________ ever had, now has, or which any personal representative, successor, heir or assign of said , ______________________ hereinafter can, shall or may have, against said Assignor , for, upon or by reason of any matter, cause or thing whatsoever, from the beginning of the world to the date of these presents, and in particularly in regard to any lease, option, or contract regarding the real property located at: ______________________.IN WITNESS WHEREOF, I/we have hereunto set my/our hand(s) and seal(s) this day of _____________, A.D., 2019.Signed, sealed and delivered in presence of:______________________ ______________________State of __________________________County of_______________________________

s point, if you can't trust your insurance agent to guide you thru 'should I turn a claim in or not?'

Here are some recommendations for you:Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: https://www.biggerpockets.com/podcastIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

You will find a ton of useful information to help you with your foray into real estate investing.See here for the Guides:  BP GuidesSee here for the FREE video series:  The Financial Independence BlueprintSee here for the blog:  The BiggerPockets BlogSearch MeetUp.com for local meetups.And check out the New Orleans Real Estate Investors Association (NOREIA)Best of luck to you!

While you've received a ton of valuable feedback already, I do want to add that you may want to consider creating a credibility book for yourself and your partner, detailing your prior experience, particularly with multifamily and listing your track record in their as well.

You can make this transfer to a limited liability company (LLC), provided that "The mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).Note: The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements."

I would really need some guide for steps i need to do or to expect when approaching a investment property and closing it down.

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(D) a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title (1) if the stock, shares, memberships, or other equity interests of the grantee are wholly-owned by the named Insured...That said, our policies are ALTA forms without "natural person" restrictions, so ymmv.