Would that effect taxes or insurance to wrap them? 

You will also use it to deduct most of your business expenses.This standard template may be modified to accomodate some specificities, like states where a series LLC may be less expensive than having a different LLC for each.Also you can add a layer of Land Trust for each property for anonymity and to give some due on sale close protection.A lot of people here will tell you that you don't need any LLC or entity structures and that you can do with only a liability insurance.

Taxes and insurance will be $100/mth.

Does my lawyer, CPA, Insurance agent need to be local to my state?

Hi All,In Escrow for a 7 unit in CA and looking for insurance company/agent/broker referrals. 

An emergency fund is a self insurance policy against losing EVERYTHING when you have a problem.

You can pay rent and make someone else money or you can buy and make money for yourself. 10 years from now your rents going to be $1,000 higher than it is now, but if you have a mortgage its only going to be slightly higher from tax and insurance increases.

of the book is utilizing a high cash value life insurance policy that earns a constant rate of return and grows tax free to borrow against for large purchases.

The circumstances surrounding it aren't the greatest, as he was essentially screwed by his wife's sister after she agreed to use her credit to get them into a house that they paid down for $400K over 10 years, she didn't pay the down payment, or taxes an insurance, and now she is demanding more than half the $500K equity after saying multiple times in 10 years she wanted nothing in return.

I rent out the spare bedrooms, which covers the mortgage, taxes, insurance, and repair reserve.