The more “outs” your mom has, the better for her.Don't skimp on insurance -- especially liability insurance.

On a typical $120K resale, we'll offer the selling agent 3% + $1500, which gets agents in this price range VERY excited...Like you said, Buyer's Agents are worth every penny and not someplace you should skimp...

That's always a warning to me, because it may mean the owner has been skimping on this and there may be work that is needed immediately.The projected debt service either assumes unrealistically good terms for a property like this, assumes a large down payment, or both.You'd need to buy this at about half the listing price to make it cash flow at $100/unit/month.

You may be saving on the listing side but if you skimp on the selling side some agent haters think agents will not show it.

Liability insurance is generally cheap enough you definitely don't want to skimp on it and get caught on the hook!

Make sure you don't skimp on the quality of the letters.

Skimping on insurance opens the door to potential huge losses to the investor.

I make sure and don't skimp on liability ins on the rentals and I keep a 1MM general liability policy in force.

I do want to make sure that I'm covered with insurance so wanted to get some advice on what I should be looking for in that area since I don't want to skimp there at all.

Choose modern colors, and if you have nice molding make sure you take the extra time to have a two tone color scheme.Don't skimp on window blinds, they are cheap, and tenants appreciate not having to sink money on apartment window treatments.