However I already had a well established relationship with the investor

Properties at this price point and in this kind of neighborhood are hard to insure and costly, so it was a gamble on your part, to not insure them.  

We in the process of establishing our LLC, building our team (lawyer, accountant, contractor, etc.), and growing our real estate portfolio.We'd love to network with other investors in the Chattanooga area.

Looking to establish mutually beneficial business relationships.Also, I know some portions of these cities are safer neighborhoods than others may be.

We had to establish our own in Wenatchee.  

That's nice, older homes, established businesses, open space and not far from Bear Creek/Morrison/C470.

@Michael Hayworth i wouldn't establish a lease at less than market value.   

Also, should an LLC be established for each acquisition made?

You have to be consistent because while everyone needs to eat to survive they do not have to eat at YOUR establishment to perform that function.

In the right time, he wishes to establish a non-profit organization that will raise awareness of the ongoing threats to worlds most endangered animal species.