I'm exploring ways to access equity without selling.

Great to meet with you here. 

I needed something small to learn from and for my mother How did you find this deal and how did you negotiate it?

Our actual carriers used to be Secura, but they seem to be getting out of a lot of insurance lines or pricing so high as to have customers drop off, and we just moved policies in Nov. to Hanover Insurance. 

If someone wants to leave the business, how is this handled? 

I'm looking to pickup some multifamily real estate but the barrier to entry is crazy in my local market.

I wanted to wish a Happy Holidays to everyone on Bigger Pockets.

Yep, then you will probably need to move the cash.  

It depends on what you are trying to do.

Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000