I personally use Landlord's Cashflow Analyzer Pro  (I am not an affiliate, i just think it is a very comprehensive tool).

Additionally you will want to make sure you have General Liability coverage.

If you have $25,000 a year in income, they would not give you $1M loan (even though its 50% equity coverage). 

Have you looked into any NON-QM options or Debt Service Coverage Ratio (DSCR) Options?

Insurance coverage has also increased.

Some property management apps even have integration with Xero or Quickbooks so you can use the comprehensive accounting features, while also taking advantage of industry-specific features like online rent collection, tenant screening, etc.

Hello @Melissa SaoBanks needs certain debt-service coverage ratio (DSCR) and hence you need to analyze the multifamily deal and understand the required DSCR from the bank to get the loan.I would recommend you to partner with experienced investors initially.All the best!

He shops carriers to get the best coverage for the best price.

If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.

Additionally, these contractors must maintain minimum insurance coverage and utilize contracts that comply with a number of consumer protection requirements specified in this law.