I am curious, does the parent of the Series LLC need to maintain General Liability insurance?

Unless you agreed to completely back off and let me bring in new subs and have 100% control of the job...People don't understand....when you as an owner are too involved and micromanaging, plus have your own subs....the GCs risk, exposure and potential liability go WAY up...

Lenders often have no control over appraisal, which is intentional to protect the bank or to meet underwriting requirements.

Control and safety are good but sometimes growth requires taking risk. 

Well worth saving that extra 20% and controlling who is actually in your property. 

Get names, addresses, phone numbers, emails....ask your mentors who would do business with you...your parents, grandparents, relatives, teachers, etc.Think about what niches or niches you want to focus.Read everything you can about real estate between now and then.Find the most successful real estate investors, agents, brokers, etc in your area between now and then and take them to lunch. 

In progress,  I have a line of sight to the creation but need to close on some units and start raising NOI.Goal 4: Controlled real estate passing $3,500,000 of value. 

What controls the outcome is the size of the deal.

Jose, while you are considering insurance options, don't forget to factor in the things property owners may not control.  

In most cases where the unit counts are this large, these units are owned as part of a syndication or fund, meaning they retained ownership/control of “a percentage of 1,200 units” (and in many cases, I think these claims should be clarified, but I'll save that for another day...).