You will appreciate a structure people are familiar with every time you go to buy insurance, deposit security deposits, etc.You can get a tax ID instantly on the IRS site.

They just  count on insurance to cover their risks.An LLC is not a substitute for insurance.

The insurance will vary based on whether you need a Builders Risk policy and vacancy coverage (which you typically need). 

I realized that after going through several years of college that I don't want to be spending the majority of my life working for someone. 

I have lived here my whole life and know the area very well.

Insurance is another biggie to agree on. 

It took us just about a year from start to finish.Our mortgage tax and insurance is 633 per mo. 

Engelo help me find a GREAT lender to refi the duplex (about $49,500 @ $450 monthly, PITI), and Engelo's other partner Dominique helped me find an insurance companyHere’s my first duplex on youtube: (Engelo is a little hyper – I think to prevent hyperthermia, video was shot in January)https://www.youtube.com/watch?

Commercial loans are generally 20 or 25 years amortization so the minimum payment may be almost as low as a 30 yr conventional mortgage if you factor in mortgage insurance (at least for the first 5 years).

isn't the purpose of insurance to cover accidents/defects?