Have you used them and do you find that they have extensive or limited records and coverage?

@Wesley Merville Finance In between UnitsLook for small banks/credit unions/regional banksSpeak to SVP at the Bank check out this post http://www.biggerpockets.com/forums/49/topics/1755...For MF you will need to put 20-25% down payment or even 30% at timessMake sure your Debt Service Coverage Ratio is 1.25 or 1.5 (better) - According to Investopedia In personal finance, DSCR is a ratio used by bank loan officers in determining income property loans.

Unless you have some auto-triggers in your lease with regard to increases in rent or utility coverage (if paid for by the Owner) then a 2yr lease may not be a wise decision.You also want to stagger your leases so that both are not coming up for renewal at the same time (I like a min 3mth stagger).1yr lease gives you flexibility to rid nuisance tenants, slow payers, increase rents, etc. 

They cost a bit more than a couple others I have either talked with or heard about ($1000-1500 to set up the LLC vs about $3000 for Guidant) but it looks like they offer a more comprehensive service.

Don't know what dept in NY.Although Don has mentioned that title insurance will protect you, since you are looking at investing in county tax liens - there might not be title insurance coverage available.

Generally you're looking at 75% on gross rents with at least 1.25 debt coverage, that will go up for weaker deals.

Demo of an old house can really cost you with new EPA regs, I'd get a comprehensive bid what a clean lot would cost and deduct that from the value and start there for any offer as that would be the worst case.

Your presentation is exceptionally professional, comprehensive, and answers 99% of the questions I would normally ask.

The insurance tried to deny coverage as technically it was then a rental, non-owner occupied.

As Dave T. pointed out your transfer to you was barefoot, not title coverage to you, and some states use the continued title insurance chain to establish marketable title.