In the case that you do not have that necessary cash yourself (for a down payment), you could still offer a second position to an investor for that down payment and then restructure for a longer term with less interest later.

if all the companies they reach out to on my behalf are going to quote the same thing, then I'm guessing it is not necessary to speak with different brokers?

I was just informed from my mortgage company that in their eyes a point = .125 so if my rate is currently 6.375 buying 1pt would drop it to 6.250.  

PM companies vary so asking them how you get your distribution, and when, is important. 

It depends on the deal, but what we did was give the PMP (Private Money Partner) 50% equity in the property to fund the entire entry fee.Thats not necessarily a rule of thumb.This to me is a sliding scale based on the Cash on Cash return you can expect.Further , we offered our partner 75% of the cash flow until they are paid back in full, then the cash flow return drops down to 50%.All liabilities would also be split 50% with this partner.We called the company we use , who establishes our LLCs, opened an LLC, wrote up an operating agreement and a JV agreement that outlined all of our responsibilities for the asset.

This may be your best bet as it lets you hold off on formation, but its important to make the title company and the lender aware ahead of time so they can update title and prepare the loan docs with the correct entity name.

Al wire has a much higher chance of causing a fire than copper which is why insurance companies don’t like it.

For context, I have a business degree in marketing (not good I know) and work for the biggest single family rental company in the US doing entry level customer service.

Michael,There are Insurance companies that will write Dwelling Fire policies for rented 1-4 family homes that are owned by an LLC. 

I have been inundated by companies offering the next best solution for lead generation.