What is it's hurricane damage history (insurance costs, move outs due to damage, large out of pocket expenses, etc...)I only see one dumpster, is that sufficient for 12 units (some demographics have so much disposables that they tend to overflow the dumpster....how many times is it emptied per week and is that sufficient to keep debris and garbage from overflowing--because someone has to pick that up--the trash truck men do not. 

Hello All,Is it possible to by pass the self sufficient test when buying a 3 or 4 unit property?

I'm not saying exact numbers but you should have a sufficient depth of knowledge to walk into a neglected building and have a pretty good general idea what things will cost, and the ability to make a few quick phone calls to again get a general idea where your knowledge is lacking.

Use a larger radius to find sufficient comps. or try finding the value as it were a commercial property. 

I also don't think an LLC is really necessary for a lot of people and an umbrella should be sufficient for the average investor and have settled with a 1M policy. 

Adding to the already sufficient answers, yes you can charge it against the deposit and the tenant does have a right to contest it.

They are most likely to do an inhouse loan for you based off of your bank statements where you can show your sufficient income! 

Duplex is easiest, then you don't have to worry about self-sufficiency like you do with a 3-4 unit. 3.5% minimum down.

Or can the purchase be one closing with the owners listed in above and have the TIC memorandum as sufficient separation of the property.The TIC, would grant the ability for the 3 portions to be sold separately, correct?

If you have 1 million or less in assets, a 1 million dollar policy might be sufficient.