That way you know how much you’ll need to cover in between rehabs.

The blanket mortgages are typically taken out to cover the costs of purchasing and developing land that developers plan to subdivide into individual lots.

The LLC needs to cover expenses and such.

In other words, they were banking on future events they had little or no warning or control over.I have at least 25% equity in my properties, and at least enough cash flow to cover the "fall backs" in a down market.  

If it's $400/year per property, why not deal with it and raise the rent $35/month to cover the cost?

Also any recommendations on a bank to do this with that offers good rates, will borrow above 80%LTV, and will cover the appraisal.

I will be taking a 4 day boot camp that covers the entire process in Feb with the same guy that did the single day work shop.

At a minimum. the investor needs to cover all monthly, debt service, taxes, management fees, expensive, and reserves out of the monthly rental income.

Your rents should always cover your cost or at least break even.

It got to the point where the property's income covered the operating expenses, but not the debt service.