Rents pretty much always go up here, with the exception of the last to years where they've been flat and even softening in some cases.

In addition they are slow to report minor leaks or at all as it doesn't typically impact them financially.Landlord paid utilities with multifamily can be a real cash flow killer if not handled efficiently.So most larger buildings I come across that are vintage almost everything is separated out except for the water.

I got un-renewed by my old ins and rejected by almost all ins companies (except for some crazy ones quoting me 10k/year) on my primary house, which is far from any fire zone but I had 2 claims on my 2 rentals (I am a small player so under my name not LLC) in the past 3 years so I got fked. 

And the key here being that I don’t know how and wouldn’t be able to do it myself, so whatever it costs is what I have to pay 😂 like any field, you have to pay an expert to do it right, AC installation in Texas definitely not an exception to that rule.

You also can't have any W-2 employees, with the exception of you and your spouse, and maybe business partners that have at least 5% ownership. 

There is no redemption right for the previous owner (or heir) in PA except for Philadelphia county. 

We made an exception, because he said that he was coming into town for a funeral. 

My concern with FL real estate is that if something doesn't change soon, most property will be uninsurable except through excess lines and there is very limited accountability/oversight as to whether or not these over seas insurance agencies even have the funds for payouts. 

Liquidity is needed to close the loan and having lots of additional liquidity may help you to get an exception, but it will not make up for experience or a low FICO entirely. 

I would change the above language about doing your best to keep personal and LLC transactions separate to ABSOLUTELY do that with no exceptions or your LLC is a waste.