I hear on the podcast and things I read such as take your debt service, taxes & Insurance, maintenance, vacancy, mgmt, and perhaps cap-ex and then shoot for $100 a door after that.

You can also call local small and midsize GC's for their budget guidance on hard costs.You can do a very simple proforma as follows:Revenue from salesLess Broker fees for condo sales, closing costs for unit sales, warranty costs for units salesLand, closing costs for land, broker fees for landSoft costs, architecture, civil eng, MEP/S engineering, soils report, Phase 1 if needed, developer insurance, prop. taxes during const., marketing, subdivision costs, HOA formation and reservesHard costs - GC contract costs, overhead, profit, insuranceDevelopment impact fees, permit fees, school fees, park fees, etc.Loan costs for const. loan, interest carry, loan fees, appraisal costs, lender legal, funds controlDeveloper feeEquals (what's left) - developer profit, normally shared between equity investor and developer. 6.

My investment real estate agent recommended a mortgage broker that is located in a different city than the one I currently live / invest in.My question is that I have not met this mortgage broker and that he requested a lot of information ( Social Insurance number, wages, income, saving and so on...). 

Plus being new to Real Estate and covered by E&O insurance is a very good thing. 

What are your insurance costs?

I am looking for home insurance companies that have great coverage and options for protecting pretty much everything under the sun.

The sale of membership interest in an LLC does not require a real estate closing with title insurance etc. 

@Art Maydan The moving company should be insured for this kind of thing.  

Have started my search for landlord insurance, but I would be very interested to hear if anyone has a recommendation.

FHA needs the house in working order with no health and safety repairs - The question is, are you paying for the appraisal and did yo get your offer price?