You can look up what that entails.   

While the Master Policy sounds interesting, and you can explain the advantage to me, what I want is exactly as you describe the umbrella policy, increased liability coverage so a suit on one property does not endanger the others without having each in separate LLCs with all the ensuing paperwork and cost that entails.

A good broker with experience can and will represent you assertively, and will have no problem telling you what the deal is, either with the seller and their property or with your own offer price and deal structure.It is good to recall that every competent broker will be evaluating *you* as you interview them, looking carefully at your knowledge, skill and experience.Like attracts like, and a lot of great brokers will not represent beginning investors, as it is too much of a learning curve for them to teach.

I saw according to SEC guidelines, we cannot pool investor funds- but what exactly does this entail? 

Haven't got prodio so this comment is pure computer science.We normally create an object (aka contact/client/customer/user, call it whatever you please),and then assert (define) each object HAS A attribute, like first_name, last_name, phone, address, ....There's lots of places a contact can be used and it's a nightmare to have this data segregated into different places according to use (say buyer vs seller). 

I wholesale as one of my strategies and most of the houses I get under contract are such as that Realtors won't touch them.Banks and mortgage companies sell ( wholesale) mortgages all the time and the phony ethics police are silently hidden in the tall grass and then crawl out from under their rocks when it comes to wholesaling.One of the specious arguments that the ethics police assert is that if the wholesaler can't find a cash buyer they can't purchase the house.

Impossible to answer this question without more context as to what your agreement entails and how much they charge you.These daily threads speak to a lack of understanding of what PMs do and how hard it can be to manage property sometimes.

For the meantime, he would be willing to pay 12 months up front to cover the first lease term... and then, may be i could do some sort of requalification for renewal that would entail income verification/new credit run, etc..While the offer of 12 months payment upfront seems tempting, i am worried on worse case after 12 months if he does not qualify, get a job, abd chose to not move out...Anyone delt with such situation before or have expert opinion on such cases???

They cannot have it both ways...either they maintain the pool (which in fall entails emptying the skimmer daily if trees are nearby) or they pay someone else to.  

Hi - Hurikane - I didn't say it was $150+ SF for rehab - but for new or addition construction which would include any foundations, and other things new construction entails.