But only if you don’t have to buy flood insurance.

FHA or 10% both with PMI insurance 250-500 a month.

You don't have to justify it, but if you want to give them a reason just tell them it's nothing personal but it's WAY under market and you can't afford to subsidize their rent any longer since the cost of everything associated with owning the property (i.e. property taxes, insurance, etc) is increasing and you have to raise their rent to off set that. 

What does an LLC give me that landlord insurance , umbrella insurance and a good accountant won't give me?

Keep in mind that an FHA loan is going to have mortgage insurance which will hit your cash flow and ROI. 

Any legit contractor with proper experience, a decent rep,  a gc license and insurances can typically be approved.You absolutely want a Lender with plenty of 203k experience....they may give you a couple of contractor names they have approved, or not.

Hey all I have a question regarding insurance in “zone x.”Summary: I am buying my second rental property in Surfside beach, SC.

Should be 12800 incomeOur expenses are approximately 10k a month on average-3300 for mortgage-900 for insurance -3500-4000 for utilities (water and sewer are provided by us) and we have on site laundry that costs us 1400 dollars included in those utilities. -1000 to the resident manager-500 to maintenance guy-600 taxesOur issue right now is that the previous landlords let the tenants slide on rent sometimes.

You are better putting your warranty money in a bank account.Even when it comes to insurance, I recommend largest possible deductible to save on the premium.

I contacted my lender and they said  they don't service LLC Loans.St Petersburg Housing Authority is paying rent to my LLC and the Insurance for the properties is all in the LLC.