One is for cashflow and the other is for longterm equity.My stock speech is this:The main difference between rental RE and any other form of investing for us mere mortals who aren't hedge funders is that this is the only market we can take serious advantage of borrowing leverage.

While it doesn't really matter to normal mortals, the moment you tell a lender that you want a loan on a multifamily, you just messed up.

I want to be sure that I have adequate life insurance in place to cover the mortgage on my primary residence, as well as any rental property/s I may purchase so in the even I exit this mortal coil, my family can pay off any debt.The agent I spoke with tried to tell me, "good news... you can deduct this if you have a business..." but I'm not seeing that as the case.

No matter how good of friends you are, once money enters the picture, things can change and your great friend can become your mortal enemy. 

It's typical for entities without exit procedures to end with mortal kombat. 

If that kind of idea is good enough for him, it's probably good enough for us mere mortals as well.

Everyone has cash.He with the leads IS KING.So from now on all you little mortals call me "Your Highness MSOOTKAUG"

Most of all, I would pay lots and lots of taxes for prenatal care to reduce infant mortality to European levels in the USA and finally eliminate the racial implications in that American statistic as it stands today.I think you've nailed it on the head, Ihe.

But for most of us mere mortals, a $50k or $150k loss on a property would wreck our finances (if not ruin our lives completely), so we pay a relatively small percentage of that to pass that risk on to an insurance company.I suspect the reason your neurosurgeon friends don't carry insurance is they can afford not to.

While there are tons of people that will tell you that you can talk to the lender/servicer/bank/attorney, and that they've done it, or they have friends that have done it, the reality is, that is urban legend that does not exist for us mere mortals.