Without discussing or get an acknowledgement from me NREIG changed my portfolio coverage and jack up my premium across my portfolio by more than double. 

When you can buy properties like this, you can get almost 100% of your money out of the property, convert the property into a long term rental loan, with a DSCR Loan (Debt Service Coverage Ratio) where we as the lender look at the property and if it cash flows, and that is expressed as a ratio, for instance if your Total Loan payment including Principal, Interest, Taxes and Insurance was $1000/mo, then you would need a rent of $1200/mo and you would have a 1.2 DSCR Ratio.Here is an example of a cheap duplex https://www.zillow.com/homedetails/732-Broad-St-Menasha-WI-5...

Get ready to spend some serious time shopping insurance and make sure to get rental income replacement coverage in case of a loss.  

My son will be helping us with marketing, advertising (if needed), press coverage (if needed) and finding investors / lenders (if needed).

@ELI MER I currently use podio but looking for something more comprehensive and was introduced to REIBlackbook.

Shahaf,If you do decide to go ahead with the conversion, contact your insurance agent and make sure your current coverage for the 2 family will still write the 3 family.  

Well, I list a few reasons:  great teaching style, comprehensive beginning to end explanation, excellent customer service, live-time reviewing of training, a 40K forum. 

I also had an odd event where Statefarm cancelled my coverage and required I get a roof inspection.

A fire etc resulting valid claims in excess of your insurance coverage can wipe you out otherwise.

A comprehensive investment partner can help you navigate these considerations and make the most of your investment.If you choose to work with a company that offers a full range of services, you’ll benefit from a streamlined process without the need to assemble and manage a team of separate service providers yourself.