not defending them just what others who have closed with them or almost closed have reported back to me.. 

If you want to build a rental portfolio you need to defend your cash, and that means taking advantage of the lower down-payment (3% & 5%) loans available to owner occupants and house-hackers. 

Now what I want from you all is, do your best to talk me out of why I should do this, and I will do my best to defend my posistion!

I see too many cases where a 'subject to' goes bad and the old lady seller is the defendant in a foreclosure suit.

The bottom line seems to be that if you have to defend your self in court be prepared to show the judge what your losses are due to the late payment.

- Well... maybe a year or two from now under an alias name, yet again defending his 'good name' with a different company.

So your area and how courts find liability will have a great impact on what you should carry.1 miilion is usually enough, IMO for beginning investors and it's not much more than 500K.Remember, if your libaility limit is too low, your insurance company can simply pay the amount and walk away leaving you to defend yourself.

If the market has gone up $50/month,w e'd raise rent $25.It's whatever you want to do, just make sure it is defendable if you raise rent for seem tenants and not others.

I'm going to defend Chicagoland again...at least until I move to TX, TN or something. :)The market as a whole here is great. 

However any insurance company would work to limit their defense costs by settling if they thought it could cost them more in the long run to defend it.