Meant to respond to a suit brought in the personal name of a person who owns the llc, trust, etc. in you case, it includes your other holding entities.That being said, it is still good practice to add all entities involved in you asset protection structure on the policy.  

 I recently bought a multifamily building and have to account for all the items in the closing documents on my accounting software.Loan Origination Fee =Appraisal Fee =Suits, lean, judgment search =Loan doc prep fee =Flood certification fee =Environmental Review Fee =Wire Transfer Fee =Title search =Title examination =Attorney’s Fees =Title Insurance = Recording Fees =Another recording fee =Electronic recording fee=delivery fee =I know how to categorize some of them.

A public forum is best suited for refining your knowledge, not building a foundation.

Or possibly confused as to whether a particular property deal would be better suited as a fix & flip, rental property, wholesale or maybe not a deal at all?

For example, if you have an in-law suite with a separate entrance, you're not allowed to rent it short term.

The neighborhoods to the north between Old Canton and State Street are exactly as you describe (prestigious and pricey), but the actual central area of Fondren is seeing a decent amount of money flowing into it (The new 125 room Homewood Suites hotel ($15M) being one example). 

I would be wearing a protective body suit while doing this.

We are converting it to a completely separate 2 bedroom mother in law / guest suite

I have built up a good amount of cash, and I'm about to sell one of my businesses for somewhere in the mid 6 figures within the next few months, which I want to use to invest in property.I would like to start out with fix and flips as they suit my personality the best, and they parallel some of what I've done in the online world (I've bought many existing websites/online businesses, "fixed them up" aka increased revenue and valuation, and held them for a bit before selling them for a profit).The cash out to me is always the most exciting part, and it's what keeps me motivated for the next deal. 

That being said, I have learnt a lot about realestate and can convert the tips to better suit the aussie market.