They are considered as expenses when doing taxes so I'm wondering if they count towards your liabilities when calculating DTI.

They handle all my insurance and can get you an individual hazard and liability policy for your 4plex.

Have things in your contract as to rental amount, liability clauses, legal stuff, but don't be stating you can't breathe. 

. $1 Million per occurrence for liability and 2M aggregate cap.

The quotes I'm getting are 1) dwelling insurance PLUS 2) general liability (1 million per occurrence with 2-5 M aggregate liability).  

Which companies in Florida, Miami, have the better rates for rentals, single family?

Disadvantage of Partnerships:Each partner has equal liability for all other partners, person and professional.Consult your personal legal advisor for the differences between:CorpLLCPartnerships

The property has a mortgage on it but I used a quit-claim-deed right after the purchase to transfer ownership to avoid any liability issues.

Thanks for the feedback everyone, interesting to see perspectives- the overall theme is that I can be doing much more with the money that driving around.Interesting thought, paying 10K now vs 500/mnth over 2 years results in the same net expense, but peace of mind and more importantly less LIABILITY makes me move head with the plan to downsize the ride and upsize the portfolio.

Keep in mind that an LLC is more of a reduced liability issue more than a tax issue.