It’s probably a better deal to buy an umbrella policy and lower the building liability to 300 or $500k (whichever is required by the umbrella company).You are more likely to hurt someone personally than your building is. 

I have had more than a few situations lately where a client was gung ho about some creative 1031 related transactions (drop and swap, construction exchanges).... until we brought up how much the legal /exchange / related accounting fees could add up to. 

My biggest tip is to respond to EVERY inquiry even if they have a lower budget than you want. 

I actually did make an offer on a property that I should have written a lower offer for; they held on to the offer for a few days and then tried to get me to pay full price after they couldn't get other people to buy the property. 

Even though rates are beginning to come down, lenders remain conservative and are offering lower leverage on rental assets.

With rates now up, an investor needs to get a lower purchase price to cashflow.

You can't go wrong with Ohio.IMO cities like Columbus, Cleveland and Cincinatti offer lower cashflow and more upside for appreciation than Dayton and Toledo which offer higher cashflow and less upside for growth.In all cities if you look hard enough, you could probably find solid B class properties or C+ under $100,000 that will easily beat the 1% rule.Much success

Before you lower the price too much to get some warm body in there, consider what you are giving up.

If you are just getting started, you don't have the scale of the bigger groups who may be on a master policy and have a premium much lower than what you'd qualify for. 

That lower rate might cost you more in up front fees, you might get crappy communication from the lender, slow or incompetent underwriting, or something that ultimately causes you to lose time, money and/or the deal altogether.