It broad coverage that can be set up quickly with minimal time needed to maintain coverage where an LLC for multiple properties in multiple states will be expensive.with several properties in several states you have various compliance issues/costs associated with setting up LLC’s to get the tru benefit you would want each property in its own LLC ( maybe a series llc would be a good option)-consider the due on sale clause if you have any mortgages on the properties as transferring the title to an LLC technically triggers this ( most banks won’t call it as long as the loans current but they have the right to) here’s an article with a quick breakdown https://www.landlordology.com/umbrella-insurance-replace-llc/

I’m looking to invest Ryan in realitively liquid fund, while I look for next real estate deal.Right now I keep “dry powder” money in bonds and I’m looking for better options 

Most of improvements should be in this category anyway and would be included in the exchange calculations.However, components that were treated as shorter-life property will be considered disposed in the exchange, possibly triggering some taxable gains.

Look it over, especially for things like type of electrical wiring, heat-does is include all rooms, and old termite and dry rot damage. 

Keep doing research before you pull that trigger. 

It is unlikely you would be able to do that without triggering some sort of building or fire code violation.

Simply being in court wouldn't necessarily trigger DOB to investigate the home, but if the tenant is adversarial, they could stop paying rent and also complain to HPD via 311. 

Im curious if there is a safe time to pull the trigger on that or if its all a gamble?

Pull the trigger and learn from your mistakes( screen tenants don't sweat the small stuff). 8.

If it's too expensive, focus on increasing your income as well as eliminating any/all debt and start stacking those Benjamins until you can pull the trigger on a deal.