Nice MHP and well maintained.

Assuming that assumption is correct, we would apply no more than 60% LTV based on appraisal and maintain a reasonable reserve account.

I have maintained my current budget of 1K per month.

Otherwise some people transfer the property to their own name to refinance with the intention of transferring the property back into the LLC, but this runs the risk of getting hit by the Due on Sale Clause.The smoothest strategy I have seen for refinancing while maintaining protection is when investors introduce a Land Trust as a "middle-man."

I would also argue that the cost of maintaining your own is far too high, particularly from a web security perspective.I have seen everything from .5% to 4% online for transaction fees, so there is definitely a range.

For me, (brace yourself for sob story) I spent my whole childhood maintaining my father's rental properties and have vivid memories as a 7 year old and up of painting, sanding, mowing, laying carpet, and sitting in the courthouse lobby while my Dad went in to deal with evictions only to get a judgment for $25 a month.

There are many neighborhoods and areas that locals have destroyed and if outsiders move in, add value, prices go up, police presence rises, less crime and vacant homes, its a win-win for all...especially the locals who have kept their lawn pretty for 50 years, and paid their taxes and maintained pride of ownership.

I have a full-time job, so that wouldn't be so helpful for me because I wouldn't have time to do both.It also costs money each year to maintain your license, and a broker will take some of your earnings. 

For example, is there a separate account that you maintain and lump all of these amounts in?

The property owning LLC will maintain basic home insurance on each individual property while the Property Management LLC will keep a larger umbrella policy with $1 million of liability.