on the new one to cover the difference between the sales price and conforming limit.  

Now that I have two properties, I'll be getting an Umbrella Insurance policy which should be able to cover me for 1M+ in liabilities.  

9)How will my hand tattoo (fully covered hand) affect me while looking to tie my license to a brokerage?

I want to make sure that I am researched and covered legally.

He's given me pretty good advice on the different neighborhoods.One one of the things you should be careful to screen is the rehabber's rehab standards.

The re-appraisal added $350k above my purchase price.There are so many issues like this that I feel if a Salesperson cannot incorporate, and can be named in the lawsuit, this becomes a big problem unless the Salesperson can pass on the liability to the Broker that was suppose to supervise him or if the E&O Insurance picks up the tab.If the previous seller were to have sued the responsible party for the $350k, AND the Seller won, I am curious how much responsibility that would be placed on an Agent versus a Broker.Just curious, how much does an E&O Insurance cover?

The wide variety of topics they cover just gives so many different perspectives and methods to open your eyes too.

Properties passing the initial screening I will analyze using the Four Square Method as Brandon decsribes here:https://www.biggerpockets.com/renewsblog/easily-an...I also determine the Fair Market Value (FMV)/After Repair Value (ARV) for the property with the help of my Realtor.  

Basically If I get a short term loan in order to pay for a property and then a year later go to the bank to get the refinance to pay back the loan... what if the market declines or for some other reason I can no longer get a refinance to cover the loan.Is that just when I throw my hands up and say "well, time to file for bankruptcy" or are there other options?

That's alright Wesley, it's taking me a bit to type this out on a smartphone haha.A good book that would cover everything you're trying to do is Brandon Turner's book on How to Invest in Real Estate with No and Low Money Down.