I took a brief hiatus from BP as well, so sorry for the tardy reply.

He says that the front door was damaged which he got repaired but there is some damage on the back side as well.

Well, of course - that's obvious - but most people in most places in the US are going to spend too much on their purchase because that's what's available.

Focus on getting your finances in order, setting achievable goals, and finding a mentor or local real estate groups to guide you.

I’m here to share ideas, ask questions, and hopefully contribute to discussions as I learn from your experiences.Honestly a little overwhelmed at all the choices and intricacies: but excited as well!

First, lets set some inaccurate information straight. 

I am a new investor looking for primarily multi-family properties with 2-4 units; would be willing to house hack as well depending on the opportunity. 

Having a commercial policy usually only covers property and liability, hence the reason for having the umbrella as well.

Also, I have heard about the benefits of having an LLC set up to manage rental properties but not sure if this is advisable at my stage (e.g., not a lot of properties to manage).

Even those with long track records are strugggling to raise $ as well as break even on deals