My current hurdle (and I'm imagining this to become more prevalent with the federal limit on property tax write offs) is that our exposure with the LLC. having a free and clear asset is large and homeowners insurance is denying us when I ask for a LLC.

Here's some basics of an option agreement: Option basics You'll have to negotiate the option fee.Have an attorney prepare and review the documents with you to insure it conforms to the laws of you state.

I currently am at an insurance company working for the marketing team as a content writer.But I go and work for underprivileged kids in the summer, pay isn't much but I don’t do it for the pay.

For all the lenders out there:  can anyone tell me whether escrowing tax and insurance funds are REQUIRED for an FHA loan? 

Stan,I found Lighthouse Property Insurance Corporation online. 

If a first time buyer you could very well get away with 5% down, but you'd be paying mortgage insurance.

The larger you go up in center size the PM fee can come down to 3% in some cases.CAM ( common area maintenance fees ) typically cover property taxes, landlord insurance, PM fees, maintenance to the building and service contracts.Some tenants instead of a NNN leases have NN lease or a gross lease.

Have you considered getting an umbrella insurance policy instead of an LLC for your first few properties?

@Amy Jo Holweger I’d say 200 bucks a month is fair after accounting for PM, mortgage, repairs, capex insurance and taxes 

The Insurance company sent in a check for the Actual Cash Value.