Hi @Sameer Jain , I'm in Modesto, but I just received a mailer from a wholesaler yesterday.

For many policies, if it is in the name of John Smith & Joe Jones, John Smith is the first named insured and has some special rights such as Initiating cancellation, requesting policy changes, receiving notices & return premiums. 

While you've received a ton of valuable feedback already, I do want to add that you may want to consider creating a credibility book for yourself and your partner, detailing your prior experience, particularly with multifamily and listing your track record in their as well.

Making it worse is if being billed monthly, that landscaper won't invoice the Pm company until end of month, most times a week or two into the following month, and if truly bad they struggle to get invoices from contractors at all, but again they can't bill you until they receive an invoice.Any issues you are having with maintenance, inspections, fees (outside leasing related) likely not the PMs fault it's the vendors their using.

For many policies, if it is in the name of   John Smith & Joe Jones, John Smith is the first named insured and has some special rights such as Initiating cancellation, requesting policy changes, receiving notices & return premiums.

I reached out to Empire West Title Agency that sold us our policy and they responded that "Per my Title Department, The title of policy that you received at Close of Escrow, Homeowners Alta Policy, doesn’t allow for Endorsements when deeding into LLC’s".Does this sound right?

So to qualify would my LLC need to be receiving income that I actively participated in? 

For instance, my tenant needs to give 6 weeks notice, a legitimate reason for leaving, and doesn't receive security deposit and must pay cost to find next tenant.

It is very active and you should receive lots of responses.Now, the element I would highly recommend is determining your EXIT STRATEGY. 

However, between my partners and I, we each received 1/3 of the cash we pulled out and are now each paying 1/3 of the mortgage each month (hopefully that all makes sense).