LLCs are not an iron clad wall that no lawyer can get through. they are one layer in a liability protection strategy. having an attorney set it up, and provide guidance on how to property run it can help strengthen that layer. mine only charges $250 to set up an LLC.  

The purpose of PMI is to protect the lender on a small downpayment loan in case they have to forclose on the property, they don't want to end up under water.

This post is for research purposes. 

Its focus is the financial side of pm which is excellent, however, it does not possess features for maintenance logs other than my ability to upload my own completed spreadsheet for storage purposes.

Talk to a lawyer and if they say yes, have everything written up so it is iron clad. 

I will say, having a banking relationship can serve a purpose, at least at first, until you find the right broker you trust.

@Apostolos KarnavasAnother way to do this to put both of you on the house and have a joint venture agreement which outlines all the terms if financing with a LLC becomes an issueYou won’t get conventional financing with the LLC but there still are business purpose loans you can get

. §44-7-33) establishes an inspection procedure, the purpose of which is for the landlord and tenant to agree on the pre-occupancy condition of the rental unit.

The most valid reason we did this though was for liability purposes.

If that’s the case, use whatever information he provides for purposes of determining your offer price.