We are going for our 4th, and have our eyes on a 5th property. 

Hello BP,I'm getting close to finally pulling the trigger on my first property but I'm currently facing a dilemma that I thought I'd share here to see if I can get some much needed advice...I have my eyes set on a triplex that cashflows around $150 per door but I'd only see the cashflow after I move out, which would probably be anywhere from 1 to 2 years since I'd be going through FHA.

It has really been an eye opening experience for me.

I'll keep my eye out for any local meetups.

Being next door helps you in that you know the neighborhood,  property is easy to visit, and you can keep an eye on it.

They said it was transferred to PHA, and then PHA said they couldn't do anything because the Council President had their eye on it for improvements to the neighborhood.

I'll keep an eye out for this.  

I live 5 minutes from there so I've had my eye on them for a while.

If you really want the property, keep an eye on it to see if the price comes down after it has been on the market for a while.

I think there are a couple things to clarify here: first, builders risk coverage is a form of "property coverage" ie. it covers the structure itself while under construction, Therefore, it really doesn't matter in the eyes of a commercial insurer if it's owned via an LLC or a Corp as long as you have a strong balance sheet and have experience in this space or have selected a strong GC.