I'm not speaking from experience since I've never done one.

OP should speak with an insurance broker to harden the homeowners insurance number.

Not sure if this helped answer your question but knowing your strategy might help others speak to other options you have when leveraging equity (If that is indeed your goal).

What you want to ask when you call the bank is to speak with the commercial lending officer or anyone that deals with the banks portfolio loans.

@Olabisi Adebayo Lots of groups in the Baltimore area, just Google themBWI MeetupReal Deal MeetupCAZAMAREIABaltimore REIAMDREIA  - I will be speaking there next month.There is a Meetup in ColumbiaLastly best for you is a very good group in Glenn Burnie.

So I'm borrowing the local credibility of the management company, so to speak...

@Jarred Watley I can't speak for that HML, but my guess is the closing costs are that high for a few reasons.1.

You'll need to look into your state laws, but practically speaking it's pretty simple.

Have you considered speaking with an attorney about it?

@Reid Knight Most "student armies" @Brian Burke is speaking about is where instructors will hold seminars or provide coaching to a group of lesser experienced investors (students) promising to help them with their first deal once the student finds it.