Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

-Would the seller consider an incentivizing or friendly owner carry for a 2-3-5 year balloon? 

Looking to buy a 1 or two BR condo but would consider an block house near the Univ of Tampa.

I’d consider an area where you can have roommates in one unit, and maybe have another unit or 2.

Very unlikely this will happen, but the risk is always there.Some other thoughts are to consider an umbrella insurance policy (or rider) if you are worried about risk...but this does not limit your liability.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

You can consider an interest only option for even better cashflow.

Or should I abandon this approach altogether and possibly consider an FHA loan (and rent out my home next door)?