If someone sues you and wins, they can only take the LLC that owns the property that was involved in the lawsuit.Best: Using a combination of LLC and land trust to protect your rental properties.

Additional Insureds may be listed on claim payments if they are also a Loss Payee.

I have $20k budgeted for a down payment for investing in real estate in 2024.

There is no pre-pay penalty; however, a monthly payment would be due.  

Not sure if you know or not, but the 203k has an option where you can wrap up to the first 6 months payments into the principal of the loan.

Find someone you trust and build a relationship, sometimes it speeds things up by a year or two to pay for trainingNever asking your questions. .

Honestly, if you don’t trust them or like the way they are communicating I’d interview a couple more PM’s in the area.

Or, should i take $40k to $80k out for a down payment on a rental property?

One of these "friends" never left the condo and lived there for 5 months payment free while the neighbor was paying all dues on time to avoid lawsuit against him from the association and management.

Add the principle for the next payment and you save that payment.