And re: podcasts/research, I merely meant that we have been interested in REIfor several years, have a good amount of general knowledge, and I feel there comes a point that you need to pull the trigger and learn the nuances as you go. 

If I decide to pull the trigger I will fly there for a week or so to analyze a bit more.

This isn't legal advice, and I don't have a real-world example, but some coverage issues to pay attention to might include injuries to common law employees, injuries involving liquor, and punitive damages for gross negligence.Keep in mind that umbrella insurance policies are negotiated contracts like any other insurance policy.

You wrote: "The funny thing is they actually get you approved for a line of credit with 0% interest for 18 months to actually pay the cost of the program" - which in my mind, adds insult to injury!

How would you measure/analyze that deal i.e. what factors would make it a winner for you and make you pull the trigger?"

I agree with the downturn sentiment but I don't really have any evidence to base it on, so I am just building capital until a) the market corrects itself (which is not likely to affect my market very much anyway) or b) I have enough money to pull the trigger on something.In any event, the numbers don't lie.

Make sure you ask the specific, data-based questions and get solid answers from the seller before you pull the trigger on any investment.

Each has a place in your tool kit depending on your needs.As for risk of injuries, if you are going to use tools you are going to get injured, a hammer does considerable damage to fingers.

The analogous 'market' financial model I fall back on is this: the P/E expansion of a growth company, when the company introduces something 'New' that triggers renewed investment interest.

General Liability – This covers you against claims of Bodily injury and Property damage.Bodily injury – This is the most common coverage everyone is concerned about and rightfully so.These are the most common types of claims.It can be anything from a tenant triping on a step, falling from a balcony, a guest or passerby slipping/falling on the sidewalk.Property Damage – Example, your building starts on fire, and causes damage to your neighbor.Your ceiling comes down on tenants property.