The person you are speaking to should have an email address with the name of the company and work directly for that company.

The person you are speaking to should have an email address with the name of the company and work directly for that company.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

@Sam Rane My answer to all 6 of your questions is: it depends.Many of your questions are addressed in two of my favorite real estate books, both authored by the legendary @david greene.

My experience the carriers will usually exclude any claims (with regard to homes) if it was at a seperate address. 

I was going to name the LLC by the address, but wanted to know advice on if there is a prefernce to open LLC in NY or NJ.

You’ll eventually have a template PPM which will cut down on attorney time going forward but each deal has unique risks and key transaction points that need to be addressed.

I find off market deals by sending mailers to addresses I get from the county website.

I have local property management lined up to address the tenant problems and help with renovation. 

@Isaac Hayes I have never heard of a conventional lender doing this...you're looking at single family (1-4 unit) properties...unless you are using a renovation style loan or hard money, I highly doubt any mortgage originator using conforming guidelines would touch this...Down payment is skin in the game...a lender permitting you to retain your investment account without collecting your down payment?...