Creating numerous LLC's for a growing portfolio will eat up much of your margins at a minimum 800 dollar annual filing fee per LLC. 

On the insurance, it is only like $2/month so no big deal to eat that but on the property tax I estimate it could go up like 5-10% so that is $250-$500/yr.  

But he's military, so I'll cut him some slack, but not enough to be a pushover.The thing that strikes me the most....all the Trump supporters that are cheering that we have the best economy EVER.....best EVER...lowest unemployment....highest GDP ....blah blah blah..... but fail to open their eyes to see that a HUGE portion of our country cant afford to miss ONE or TWO paychecks...have ONE small financial setback without being on the verge of economic ruin....cant pay rent...cant eat..... etc etc..... so how is the economy the BEST EVER?

I've run 22 full marathons, I have a day job, a family, I eat lightning and crap thunder. 

It doesn't take much in unexpected renovation costs or high days on market to eat through $10K in profit.

One bad tenant can eat up years of profit.

My question has been eating at me for a couple of months now.

, new drywall on ceiling in about 50% of home, paint,........) then market it and hope it sells before rent (500/mo.) eats up all the profits.

The last owner decided to eat the cost.

Often the lender breaks out the origination charges a bit instead of lumping it all into Underwriting Fee but the overall amount looks OK.I thought the appraisal was high but then remembered it was a 3-family so that looks OK.The main thing is that when you're talking to multiple lenders, you make sure that you get all the origination charges in addition to the interest rate.If one option is a mortgage broker who has her/his own origination charge, but a lower overall interest rate, then you absolutely need to find out how much that charge is and factor it into your analysis.Usually it makes sense to do it for the lower rate if you're going to hold onto the property for more than a few years, but it's a choice you should consciously make.Paying a mortgage broker fee for a lower rate is not unlike paying points to buy down the rate.