$125K for a multi- in Mass is insanely cheap, which has me insanely worried. 

Umbrella insurance is always a good idea and is fairly cheap, but I don't think I would carry it unless you had a larger portfolio of properties that it could cover. 

Honestly this will likely drive away most good contractors because they now think you are cheap and will attempt to beat them down at every opportunity.

It is very cheap compared to the potential loss if you end up having a title problem.

I was looking around on RedFin (I know, I haven't gotten a realtor involved to get access to MLS yet just because I want to have a solid plan before reaching out to them) and within the Twin Cities for residential there aren't many cheap multi-family properties!

As far as our budget, the nice thing KC is relatively cheap.  

Easy money policies and cheap oil are overheating certain areas, and this tech fanaticism isn't helping - i.e.

I thought I would present another reason - the opportunity to use your money more profitably than paying down cheap, secured debt.Best of Luck on Your Journey!

This mixture is usually the best and helps with up front cost to you since you can start with basic camp sites like state parks which are very low cost and then phase in the other areas when demand is there.Natually the cheap sites rent cheap and higher cost rents higher.the mixture is the key because there are all different styles of camp life.Ok, that's construction.

In the grand scheme it's cheap.