Here are the knowns:Rent per tenant: $750 (this is below market value due to deferred maintenance, I believe $1,000-1,200 is more realistic)Property taxes: $900 per yearLandlord insurance: $1,000 per yearLandlord pays water/trash: claims to be $125 per month (will ask for proof)Landlord is in charge of snow removal and mowing lawnThere are 5 electric meters, each tenant pays their own (landlord covers hallway and outdoor lights)What I plan to ask for is the copies of the leases, copies of the utility bills, and copies of bank statements showing the tenants are actually paying on time.

Just explain to them that your insurance on the home covers the home itself and not their contents that are inside the home. 

But to your point i need to button up my lease to see what language covers disruptions to otber tenants and point to that as recourse.

It seems like a good way to cover tenant placement costs upfront. 

As a buy and hold real estate investor, can you charge a tenant for repairs if they do not take precautions during a freeze by opening cabinet doors, letting water drip, covering outdoor spigots etc. which cause pipes to burst?

Was able to live in this new property for free since my first home's rent was enough to cover the original mortgage plus the equity loan taken out.

Was able to live in this new property for free since my first home's rent was enough to cover the original mortgage plus the equity loan taken out.

Would we as members be covered after the LLC is sold?

If the plan is to have a covered land play then the high asking price is nbd, but as a MHP, this seem over valued.

In the past weeks I've seen enough deals to cover about 1,200 doors.