In England, the bank holds the deed, much like an automobile transaction here in the US. 

After a while you become immune to it.

Also, will you have reserves to back up in case there is an infection and the other tenants need to move out?

The analogy I use is a comparison with with automobiles - the automobile just gets a registration whereas a driver gets a license that required passing a test first.So a registered contractor in Pennsylvania did not have to pass any testing issued by the state.

I thought it usefulr to post this topic as there are many newbies that get so excited to do a deal they may think that just because someone responds to the request through BP for hard money that they are immune from predatory lenders.

as well as having ample reserves ... folks are kidding their selves if they think rentals are immune to crash's..

In Redlands, I got $525/door/month clear on a 6-plex, so it is possible to make a nice return.I prefer MFUs for the economy of scale and the immunity from feast or famine on a SFR at move-out time. 

No one is immune to general inflation.

.), and your home (homeowners), and your auto (automobile), before you can purchase the umbrella policy.

Here is the latest Tesla SEC filing. https://www.sec.gov/Archives/edgar/data/1318605/000156459016018886/tsla-10q_20160331.htm Page 5 of the report shows that they sold over $1B (1 Billion) in automobiles last quarter.