If you are not confident running thorough background checks and doing sufficient screening, I’d definitely recommend a PM company.

Your basic insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

I'm not sure two days will do it, but after many conversations with a variety of people in a variety of real estate-related (and perhaps even other) fields, then maybe a couple days of uninterrupted driving and note-taking might be sufficient, along with developing a thorough understanding of pricing, rehabs, and rents in the areas you're looking at.A cautionary tale: My wife and I bought a property 12/20/23 that my agent said would rent for $1100/month.

So between the 8% for repairs and 12% for capex, that's $3240 per year, and $32,400 over a 10 year period for paint, repairs, capex, which I hope is more than sufficient to handle most of the major fixes we may run into. 

In other words, the employees helping you with these brand new, highly complicated and, for some, survival-level projects are likely to be recently hired employees, without sufficient training and experience.

If convicted, all of his assets will be available if there are not sufficient assets to cover investors.

With the cash you would use to buy one property, you could probably put two down payments on two properties and still have sufficient money in reserves for both. 

@ Chris PennyLike Andrew Postell said, it will depend on the individual bank whether or not they accept the divorce decree as sufficient enough.

Your application for credit inquiry should maybe state additonal financial records may be required for the previouse 2 years.then there is no question and your free to ask what you want, but a good credit report should in most instances be sufficient with copy of last payroll stubs.  

Obviously, you want to keep your costs down and if, after looking at your current situation, along with the pros/cons of each option, you feel that the umbrella policy is sufficient protection, then you may just be fine with that.