I have dwelling coverage which also includes liability for 3rd parties (not employees) and when doing flips, you must make sure you get a vacant home policy.

If you are self-employed at least on a part-time basis and don't have any full-time W-2 employees then consider opening a solo 401(k) plan and then transfer your IRA into it.

SOS FormsWhen asked about employees, NO NO NO. 

The company wires the funds directly to the closing attorney's escrow account and the employee pays the taxes out of their paycheck.Recently an employee, who had enough money for a traditional 20% down payment,  had mortgage broker tell them that they would need to use and FHA loan vice a conventional 20% down loan in order to get the funds.

There are 3 employees related to the park manager and laundry facility.

Also, I use my own employees and If I didnt get anything soon we would be out of work.  

Until the point in time that you have actual employees it is not usually necessary to have a LLC.

The Zelle employee then suggested I contact my bank to see if they could somehow refuse to accept my payment from the uncooperative tenant.

I'd hate to think that one employee speaks for the entirety of a company.

Income (@ current occupancy of 85%) =                             $79,475Expenses:2 FT employees ($20/ hour*320) =                                         $6,400Mortgage =                                                                               $65,865RE taxes =                                                                                   $7,465Monthly Net Income before R&M, Insurance, CapEx and Vacancy . = $-255I don't know how to properly estimate R&M, Insurance, CapEx and Vacancy  but just the expenses above indicate that the 11 million price tag is far too high for my taste.