I think you've done a fine job of providing quality content.Thank you for taking the time to respond and see you soon!

@Benton PruittThe original lender should provide a short sale approval letter noting as long as they get x at closing…The second lien holder will be more problematic.

I have a potential hard money cash provider to fund the acquisition of land and fund new construction build.

I'd be happy to connect and provide more insight into different markets. 

However, if some carrier is providing this type of coverage, then they better have very strict limitations on the coverage so claims don't get out of hand, or they probably won't be in business very long.

There are several deals floating around but the one I can give rough details as an example is a commercial builidng where 20% is being put down on a 2.5 million dollar asset between 3 TIC equity/capital investors that are each providing roughly a third of the equity.

I would think since other programs are $50K, $40k and so on, that $15k is rather appropriate, providing they are providing the appropriate training.I am not advocating for group learning.

The umbrella provides coverage over the primary policies (provided you have the required Liability limits on those policies) for those vehicles as well. 

(Heck, that alone would probably provide greater returns than that rental.)

. - not a lawyer but I know someone in a similar position who acted as a private money lender (silent partner) on a rehab to generate passive income.You could also look into the many turnkey providers to sites like Realtyshares, Honemestors, etc who will provide you with a K1 for passive income.