- It gives you peace of mind to know that should a loss occur, having funds readily available to replace lost items will reduce the strain on your relationships.- It’s very inexpensive and easy to obtain a policy.

Reduce expenses.

When you talk to the township I would lean heavily with the fact that you assumed no permits would be needed because you weren't changing the square footage and you were doing the work, but I don't think that rationale will ultimately prevail - although it might help reduce the fine.

For example, buy properties with a 10% return, and you will have 2500ish to reduce that $5K expense a month; then you can save more money quicker, gain more skills to increase your active income to pour into LTRs to get that ROI up to quit your job in 1-2 years.

However, this would reduce my total retirement savings to about 450,000 K. 

I was still working full time as a teacher and closing deals I was working 70 hours a week and making myself available during the teacher breaks to my clients, waking up early to write offers or reducing my lunch time to 5 min to make it all work.

What are the ways to reduce putting down payment amount less than 25% for multifamily buildings with 6+ units?

Furthermore, the private loan structure reduces the need for profit sharing, potentially increasing your overall profitability from the property's net cash flow and any future appreciation.Would be happy to answer anymore questions you might have. 

You would borrow money to borrow money, which puts you in an over-leveraged position, just like a hard money loan or credit cards.Increase earnings, reduce expenses, increase savings, invest from a position of strength.

Reduce expenses.