If you have been consulting with CPAs, that's probably a great question to ask them, but I would find one you are comfortable with now to find out how they suggest you take title to the property, whether there are any tax advantages to an entity as opposed to taking title individually, whether there are any tax benefits to certain home improvements, certain tenant income reporting, etc.

So our HOA general liability policy covers the exterior and interior of our townhomes, excluding personal property.

If i move to a market to start up, i'd rather it be a fun market to live like Nashville opposed to some of the other cashflow markets with cold weather and no big draws :P

@Amber Scavone the only thing a one-family has in common with a 2- 3- 4-family is that they are considered residential property as opposed to 5-fam and up are 'commercial'.   

I always encourage newer investors to meet local lenders in their own backyard and go that direction as opposed to online providers you'll never meet. 

You are simply shifting your management responsibilities to a single issue as opposed to multiple separate properties.Being a active hands on landlord requires not only specific skill sets but more than anything else requires the desire to self manage.

Once you’ve read enough T12s and understand avg expenses per door whatever market you’re in, you will better understand your proforma and how the property would operate You can simply take out the perceived capex line items, then categorize as Capex/Major Repairs (roof replacement or repair, re-plumbing, repave parking lots, ac, electrical, interior & exterior Reno) Expenses (taxes, insurance, service contracts, management, utilities- wst, turnover, legal, maintenance, G&A, payroll) Now take the income minus expenses.

Looking for some recs on a good insurance co. ideally local - but I'm not opposed to bigger guys.

That thought experiment brought up this idea; could you also offer to manage only the exterior (truly this is the only part that affects you assuming the tenants aren't problems).

There are a few different window styles based on the exterior house material and application.