Millions of people need a safe, clean and affordable place to live.

In our lease agreement, tenant agrees to keep premise clean, safe and in a habitable condition. 

Better safe than sorry.  

I was originally considering house hacking with a multiplex (and I have over six figures I could put for a down payment) in Philadelphia but it seems that the only places where I could cash flow right now would be in far west philly or in neighborhoods that are boring or not so safe, would be a longer commute to work areas, etc. 

No one in any industry or sector is safe from being sued lol 3 years may be short amount of time, but I think most would be impressed by what we've accomplished and what our understanding of the STR market and opportunity  is.

I don’t believe it would come to that but I would like the peace of mind that my earnist deposit would be safe in the event it does

Yes, in Florida, I would get one, it's worth it to keep you safe.

In this case since your family is the seller and knows there are no title issues, it's a pretty safe bet you wouldn't need that policy.In regards to lein position, you should have a promissory note secured by a deed of trust that gets recorded ahead of any other encumbrances and that's what keeps you in 1st position. 

We put an emphasis on vacant prospects, those with separate meters and realistic balance sheets which when combined with the right financing terms and management can still produce a healthy and safe addition or anchor to a portfolio. 

You can sell a few to pay off the rest or 1031 them into passive income.Any property you buy today should appreciate about 4.9% p.a. that's been US average (insert a % you believe is right, I believe Milwaukee may actually beat this number) over the next decades and your downpayment is leveraged 4:1, so that in itself produces a lot more equity over decades than you could ever safe up.