IF you are doing cookie cutter, standard size and standard entry level price points AND you are doing quantity each year, then yes, the same or similar template is appropriate as part of your systems.

Is this standard while applying for an FHA loan to receive an up front mortgage insurance premium and then have t pay a monthly mortgage insurance premium?  

@Mohamed NagoorIn most cases, your LLC will not even file a separate tax return, making it simpler. 

@Sajan JivaCPA license is a state designation.From a tax perspective - a CPA who lives in NY is not breaking any laws or codes for filing a tax return or providing tax strategies to those who live outside of New York.from an audit perspective - A CPA may be limited in signing assurance/audit related documents to the state that he practices in.You should be eligible to write off the items you mentioned.

the standard is intent with no statutory holding period but most folks feel that more than a year is good unless justified by other circumstances.2.

Does anybody know more about this bill and what this could mean for acquiring funding for your standard rental investor?

    With the 5% down being sent to the escrow company (not to the seller), and standard inspection and appraisal contingencies, this seems like a very standard contract albeit with some quicker then average timeframes. 

Best you can do is 1% over residential.. but good luck getting that. 6% becoming the norm again. 20 years with 5 arms are standard, and 35% down is norm, little less or more depending factors.

I purchased a multifamily unit in DC and looking for a tax expert to assist with filing taxes for last year.

As you mentioned, I make sure I have enough umbrella insurance.I also engaged in other businesses, so I also file returns for LLC's, S Corp, and even a C Corp for a while, so another LLC for the rentals would just be another return.