We service several Domestic and International Investors and in doing so we try to insure all of our Clients are satisfied with our service.

Financing, real estate agents, trades people, insurance brokers and lawyers are all professions off the top of my head that you will need at your disposal.

Insurance:  Don't forget this one. 

Holding costs include paying taxes, insurance, utilities as a minimum for the duration of the Rehab and sales period.  

I am purchasing a fourplex and need help on the insurance side.

I do:deduct the mortgage payment for the propertyAfter variable expenses 5% , capital expenses 10%, vacancy and insurance 6%.Percentage is of the total rent collected.The remainder from the rent should be my cash flow.

Make sure you READ your title insurance policy and discuss what is going on with your title company or attorney in case the relatives try to make a claim against the property.Change the locks and do your thing.

He and I are both clear that good practices and insurance are #1 but the LLC does have a purpose. 

I'm sure he could afford a bit more by now for taxes and insurance, but his landlord hasn't raised rents so he hasn't had to.   

and I fix it myself myself.I only recommend this for people who have the time to do it, are handy, and are not afraid of the possibility that a defective light switch could result in adopting a kitten or checking a fence for evil paper wasps could obligate a sibling to adopting a evil Malaysian Tokay Gecko that was not evil enough to deserve death from an unusually cold Florida winter.Being a landlord has had a few completely unexpected consequences lol.