However, on paper you have to depreciate it based on the 27.5 years, so your metric still looks good, but you took money out of your pocket to cover the cost.In my opinion, the only 2 "real" metrics, since are not easily manipulated are: gross rent multiplier at the time of acquisition and cashflow including principal pay down.  

Will assigning my LLC as landlord limit what these policies will cover me for? 

However, you would need to make sure that the rental rate you could demand would cover the new loan payment plus other expenses while still cash flowing.

In my opinion, anyone that tells you that any one of them is superior in all ways to the others, is not giving you the complete picture.

There also nothing that says you can't take an extra class to help cover areas your profession doesnt cover.

I am sure that there are a bunch of caveats, like the previous owner's mortgage when you're only covering the back taxes at the sale...Your help is appreciated!

Pro tip: take particular care to cover book shelves—removing dust from our books was one of the most time-consuming cleaning jobs we faced. 2.Pack as though you will be travelingThink carefully about everything you will need over the full duration of the renovation (plus the inevitable extension) when packing.

As for over-leveraging, so long as you retain around 30%+ equity in properties whose rent more than covers all expenses (including up to 70% LTV), would you really (need to) worry about that level of debt?

I aim for 3 months cash in reserves to cover emergenices relative to the property.  

That would seem to be the easiest, cheapest fix to this.Or, if the buyer/agent objected to the specific wording in the letter (perhaps because it did not cover the issue sufficiently) ask the HOA to rewrite it.