After a bit of independent search, I am strictly focusing on Taylor.

Once you buy general liability (or worker's comp) insurance, every check you cut will be audited by the insurance company to make sure that it was cut to an insured entity.

I am in engineering/project management and like my job, but sometimes wonder when can I be independent regardless.

A great question to ask a PM is if they've ever been audited by the state. 

"I've seen an old bldg, rehabbed (leaving the wood sash windows since the arch comm wanted historical preservation), come in at $400K for mostly studios.Issue is that unless you can get funding from ONE source (most non-profits need to shake seat cushions for change), then you have multiple grants - Which means multiple demands that start stacking.Stuff like the afore-mention historical, serving certain populations (like 30% AMI types) or handicapped (lots of ADA and beyond stuff), being in an expensive location, full platinum LEED (=$100K audit besides the costs of meeting spec), etc.

Merrit,I agree that you want your independent contractors to have Liability but it is also important for them to have Workers Compensation coverage.  

Our second goal with the LLC is to have an independent entity capable of securing its own financing.

And none of the investors are particularly bothered by this.If during the audit of a website I find that it is slow, then I draw the attention of investors to this fact.

I have a basement with a partial kitchen and would like to give it an independent access.

Everyone has helped me more than they know, and I am so excited to start this journey to help my family gain financial independence through real estate investing.