Some investors who choose to "self insure" the property coverage on a project still purchase liability coverage.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Fayetteville.

I’m relatively new to Biggerpockets but would like to invest in Los Angeles area multi family properties (I currently have an investment property in another state but would like to have one in CA).

That would mean that the LLC only has one member (you and your wife's tax return) and it chooses to be taxed as a sole proprietor. 

Investment Info:Large multi-family (5+ units) buy & hold investment.

That property is so tight, you might be better off just selling it and recouping your VA loan for a small multi. 

, often ends with the customer choosing and option and stating what they like about it.

His name is Mel for the purpose of listing out our situationsHere are some of the realities of our situation:Mel has a lower FICO (610-620 I believe)My FICO score is higher (770)Mel has a W2 paying job where he is salariedI am a 1099 with two separate companies (Independent Contractor)Mel has been FHA approved up to $300k I have not because I don't have a "steady income" even though my income is higher than average, they don't like the fact that it is inconsistent because I am not salaried.We currently live in Orange CountyLooking in Pomona (LA County) and Riverside County for property because anywhere else $300k is unrealistic to find a multi or a SFR to flip.Now if you've come this far and read all that....

I’m new to this and looking to get a multi family home in a northern Chicago suburb.

I’m currently in the process of buying a small multi family and I need to find a good property manager.