I see big price range with these (from $200 to over $4k) and wanted to know if you can get a decent one without breaking the bank.

About 5 years ago one of the sellers we bought a multi family from told us about a company that has a lot of landlords like us and we coshare insurance coverage.

Instead of shelling out $60K for a $250K deal, maybe some of you can help me figure out (or give referrals) to title companies, etc, or give overall advice how to save me money from this enormous financial endeavor (closing the deal).Thanks!

Do you have a property management company you use? 

That said, here is how I would proceed...For some background, I used to run an STR management company in SATX and we peaked at about 35 properties under management. 

If you are able to actively use the funds I would say start a real estate marketing company with it. 

@Greg O'Brien - Do you mind sharing your company details? 

*Prepare for high insurance costs by running a few properties by your STR insurance company before making a purchase.

Would you like to manage the property yourself, have an assistant do it for you, or have a management company do it for you?

If your comps were sold by a real estate agent and you are using them to justify your price, that is like trying to sell your car at a car salesman's price instead of an owner's price.In any case, if you need to lower the price, make sure that the price drop is a decent amount versus a "drop in the bucket."