In my opinion it is cheaper and easier to get a great insurance package (broad coverage and high limits) than to form and manage separate entities for each properties but I am an insurance guy...

Just this week, we encountered an underwriter who counted our 5-unit property (underwritten as residential) in the count of our {residential} mortgages, but disqualified the revenue from DTR & DCR determination because it was a commercial property ... essentially, the debt counts against our qualification, but the revenue cannot be used to offset the debt.

I did the basic package and I think it came out to $300 something.  

(Patch of Land continually revises its PPM and the topic is addressed on page 23 of our current investor loan package).

I'd like to leverage myself so I can continue to buy properties at a discount and then let them season 6 months and take a package to the bank and do the same thing over and over.  

@Lance Robinson Im not sure if its true in any state but here in CT, you can request a "Resale Package" which is provided by the management company and details the 'life' of the condo association: master insurance, foreclosures, exact HOA fee for the unit you are interested in ( fees posted on MLS are sometimes incorrect), units that are behind with their HOA fees, upgrade needed ( think parking, boiler, roof, windows, etc) , funds in HOA account, potential special assessment etc... basically everything you need to know about the unit you are interested in as well as the association in general.The resale package, or resale document as it may be called elsewhere, is provided at a cost.

I found a package deal here in Atlanta.6 rentals, fully occupied. yearly expenses = $14686Monthly rents total = $4400lower income area.All of the houses are not far from where the Atlanta Beltline trl is scheduled to goWhat do you guys think about the numbers?

He will ask you to pay $1500 USD upfront and then insist on sending you funding package by shipment not electronically.

Part of the package is a page that outlines who the principal operators are, and my page has lots of diverse real estate experience and a pretty good track record.

Paul,I haven't shopped around much yet, only one MH dealer who gave me the $10K number to move and level, hook up elec and h20.My plan is not to hold but to sell as a package...but I may reconsider that after I learn more!