So what do they do to "find the next great deal"?

I think this is a calculation a lot of homeowners are making right now--especially if they have a low interest mortgage, equity, and their house will cashflow as a rental.The choice is a personal one of course, but I think your future self will thank you if you pull out some equity from your existing home with a HELOC for the downpayment on the next house and a cushion renting your current home, use a property manager as you have other things to do, and buy the next house and do the same thing again.

Do you know any insurer that would provide the 1 million dollar coverage?

Also they don't want to do any creative financing. 

Do yourself a solid, sit right next to them and learn how to do it.

I do love the area because it older and historic.

I do find it fascinating that I've heard from several developers that they are building/built apartment units for the long term, which to me sounds a bit risky.  

There l also learned to do commercial job take offs and estimating. 

For firsts I have seen one company recently doing 30%+ on first position liens.

What steps do I need to take to make sure I can get this going as smoothly as possible especially when it comes to resale in the future?