Actually going ahead and reaching out for advice here is a huge first step for getting into real estate investing. 

Thanks Jeff, yea it is a bit strange, but I may forge ahead.

Basic typically includes the following: Fire, Lightning, Explosion, Wind/Hail (but not Named Storm/Hurricane), Smoke, Aircraft and Vehicles, Riot or Civil Commotion, Volcanic Action, Sprinkler Leakage, Sinkhole Collapse, Vandalism/Malicious Mischief.The DP3 is also known as Special Form and that gives you coverage for any physical losses not specifically excluded in the policy.

Most of my deals that will be fix and rent I go ahead and get an "As Completed" appraisal and underwrite based off of those projections.

Applicants will be happy to sign and take the discount but they will not respect the lease when they decide to leave.You would be farther ahead to offer a discount for them to pay on time and keep them on M2M.

I'll actually be in San Diego this upcoming week and would love to meet to show you what is working for me now and more than likely help you take a step in the right direction in the time ahead!

I might as well go ahead and add a similar question, How will I know when the market changes?

However, if you personally own the vehicles etc and not the LLC, then the LLC might not have an 'insurable interest' and then its not able to get insurance on it.

I stand corrected....Thanks @Christopher Phillips, I didn't realize all that needed to be done ahead of time.

It's a pretty solid investment vehicle as long as you know what you're buying upfront, and not to buy something that will be a problem, i.e. sewage lagoons and old/outdated park infrastructure.