@Peter Tverdov it depends on going wages in your marketplace.I would imagine labor costs are much higher in NJ than in MI.

Insurance is going to protect you financially from lawsuits, damages, total losses, and other scenarios we can't even begin to imagine until it actually happens.You'll want to have a broker you can work with and trust that will make sure you're properly protected in the event of a loss.

-- depends on your risk appetite but leverage can certainly pour gasoline on your real estate investment fire in both a good or a bad way. 

I look at every single item in the pro forma and imagine that it is complete BS, and see if I can challenge it.

Imagine what your life would look like if you had held onto all that real estate from 20-30 years ago.

Looking at the street view from 2011 says a lot, I can only imagine how it looked in 2007!

As a business owner myself, I just couldn't imagine failing a client so miserably and then trying to charge them extra and being ok with that, and THEN, telling them that sharing financial data is standard procedure.

I would imagine that this economic profile is very similar to much of Northern California and many other rural areas.  

Their fill hose sprung a leak or something and hundreds of gallons of water poured into the apartment below them.

We have both family and employees directly impacted and I can't imagine what the community is going through.I'm also sorry that you're feeling like the response time has been slow or that the carrier's claims team is acting in bad faith.