Hello BP, My name is Tyler Moore, and I am a new investor in the Army National Guard who is currently on deployment.

Hello, My name is Joseph Skates and I am from Ontario.

Hello,  My name is Joseph Skates  and I am from Ontario.

@Kiran Alisam  you must have the named insured on the umbrella policy be the same as your LLC or it can't cover your liability exposure.  

@Kyle Leinhart, @Brent Coombs, yup, if you get the right type of insurance (a high deductible, named perils fire policy) you can get insurance for that amount (quote in hand) in this area.For clarification, I meant maintenance/repairs would be 2% of the property value ($980), not 2% of rent ($264).

One of the biggest benefits that I've received from this website and listening to the podcasts is opening my mind to things that I did not know existed and what kinds of things to ask about or what to expect in rental ownership. 

I am trying to complete the application for Trade Name and on question #4 its asking me, Do I have a personal property account ( " L " number) and if no it's directing me to complete an annual personal property with the State of Maryland Assessments and Taxation Department and I have no property to report at this time.

Then look in the county assessors website to find the owners. it should give their name and mailing address.

Really my biggest unknown is what to do after my first property.

If you shoot me a PM I'll send you the name and contact of the lender that they go through.