Leslie,If you are a saver and disciplined with money, go with 30 years, otherwise 15-year mortgage makes more sense so you're forced to save the money into equity for your house.The difference of a 15-yr mortgage vs 30 for a $400K purchase (assuming a $320K loan and 4% interest on 15 and 4.5% interest on 30) is over $700/month.

The treat of eviction is a powerful tool to force late fee payments.

If  not then you would be forced with the decision to either lower your investment returns or branch out to areas of the county where those returns can be achieved. 

Turn key companies make their profits by forcing equity through improving the property the same as someone who is using the BRRRR strategy.

If so, how do you plan to renovate the units to force equity and be able to charge a higher rent?

Unfortunately after paying closing costs and a a dump trailer loan which they forced me to pay off due to debt to income ratio only about 66K will show up in my account.

Also is there any reason to think that if I have the inspector come out first he would point out areas that don't meet current code and force me to fix that issue costing me more money.

Kulin,From an insurance standpoint there are a couple of things to consider:1. will adding the Trust force you to change insurance companies and if so what is the additional cost2. will your current carrier write and umbrella over both the trust and you personally or will you need two umbrellas.I would get quotes for a $5,000,000 umbrella policy and use that as a comparison to the annual maintenance costs. 

I hear that this rarely happens or that they may force the title to be switched back to my personal name.

I see that a conventional 20% down mortgage is a better position, and will allow me to purchase a more distressed property and increase the forced appreciation amount, increasing the chances for a 75% LTV to cover the rehab.