I own my own house and I own some land out of state, so I have assets I want protected.I have quotes and will be purchasing an insurance policy that provides 1 million in landlord liability and I can also purchase an additional 1 million in an umbrella policy.My question is, is it even possible, or has anyone heard of a landlord getting sued and losing over $2 million on a simple duplex?

Hey Shawn - Highly suggest going to local meetups and joining investing groups on FB to build your local network.

I also suggest you look at co-hosting instead of arbitrage.

Perhaps you can barter that for experience and, perhaps, a taste of the profits and then, later when you're capitalized, do what you're suggesting but now with experience and skin in the game.

Additionally, are there any other methods, approaches or strategies you’d suggest for someone just starting out in this space?

I was shocked as I thought it would be very simple (which it is), but some syndicators will use funny math such as not counting fees, placing expenses on a quarterly or yearly basis when using IRR (backloading to end of year). 

I was wondering if anyone has a suggestion as to how to go about it.

Closing fees won't be any different if they are 4 seperate fee simple properties.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

However,  the tenant was responding to me via text messages from that number till May of this yearAny suggestions what I should do next ?