In the above example, the claim might not be as big, but it's still going to exceed $1m, and it's still going to wipe you out.So the bottom line is, the need for liability insurance INCREASES as your net worth goes up, but it doesn't DECREASE as your net worth goes down.

It is currently rented but I will love to find a creative way to get rid of both of this properties.What makes the exit hard, is the current economic situation of Puerto Rico, Government Bonds were classified as Junk bonds and most of the people in the Puerto Rico are employed by the Government.The current trend is a sharp decrease in population and unemployment well above the double digits.

My dad said he would be willing to cosign with his very financially prudent son.I could wait a little while longer untill I am out of school and making income myself OR I could view this as a great opportunity to decrease my liability (on paper) while having 100% of the benifit.If I were to co-sign would it decrease my debt ratio for so that I could more easily obtain more home loans in the future?

If my total monthly payment decreases or stays the same when I refinance, wouldn't it make more sense to refinance and lock in a rate now (as interest rates are still historically low) and considering I'm keeping the property long term?

I have noticed a decrease in some of my sec 8 tenants rent but it was because one of the children/tenant on the lease with them has started working or makes more money than what was reported and that counts as income for the household.

Also, they probably already pay for some insurance, so that could decrease the costs of your coverage.

Values are steadily increasing and crime is decreasing as people move in and spread out. 

I've worked with real estate investors and landlords for years by providing asset protection strategies to dramatically decrease their chance of being sued while also protecting their equity and assets in the event of any type of suit.

Decrease the monthly payment, increasing cash flow.Is it true that even though the property is financed through owner occupied FHA, I can move out before one year and rent the unit I'm living in?

So I spend some time on RE, but have been decreasing that time as my portfolio has grown.