I will proceed to explain my property and ask several questions about what insurance should i get.Property Details:It is a 3-story townhouse classified as a condo, it is a new construction finished in Nov 2023. 

New guy on the block and excited to be here.

They are starting a new phase of townhomes and I am trying to figure out if the returns will be good.

G'Day everyone,The team (@Dominique Osborn, @Sean Mahoney) and myself have an opportunity to on-board 189 units.This would be a very nice "chunk" of new business but to be honest, I'm inclined to pass.I have always believed in doing business on your terms and for terms not to be dictated by someone else.Especially when you are looking to hire us/me to do the work for you.Also, business done right needs to be a win/win for all involved and this doesn't seem like a win for us.I do however understand the caution and reluctancy to "let go of the reigns" per se as many landlords get screwed by property managers.But at the end of the day, you have to "let go" and let someone else do it or just do it all yourself.I'd love your advice on the suggested terms given to us below:1) In AppFolio they want admin level access to their account.2) They want a standardized list for maintenance items so they know in advance what repairs would cost.3) They want a copy of all invoices from contractors to us so they can verify we are not marking up more than promised.4) They want to be able to talk to our contractors before work is done (each time) so they can talk contractors down in price themselves.5) They mentioned that they pay around $300 for full paint in a 2-bedroom unit.... we do not have a contractor that will touch a full paint on a 2 bedroom for $3006) They want tiered PM Fees based on occupancy.... for example (their example): at 90% they would pay 8% PM fees, at 70% occupancy they would pay 2% PM Fees, and at 50% occupancy we would part ways.The deal breaker in my opinion is points 4, 5 and 6.With the lack of oversight/control on maintenance we have little control over the occupancy and it kills our process and efficiency.So in a way, we are destined to fail from day 1.Also, if someone does want so much control why not just self manage.The unit count justifies hiring 1-2 full time people to run it.Otherwise, let us do our job.

Since it's a new area, it's something that I see more and more.

Quote from @Frank Barletta: I started spending a lot of time researching new rental markets for myself and recently came across Parma, OH.

Too many folks think that physicians have deep pockets (if we do, it's not from just being an MD), so we are an attractive target for lawsuits.

Should I get a new LLC, or is my current LLC ok to qualify for a business purpose loan for this restaurant? 

The best advice I can give to a new investor at your age is to stay out of consumer debt and save as much as you can for your initial investment.

(those that are about to reset)I'm a new real estate investor, doing research, looking for opportunities.