My agent tries to push business policies that cover liability, reconstruction as well as rent loss and coverage on anyone working at the property etc. 

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.

Not my picture, stolen off yelp.

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.

I then calculate my All-in cost basis (Purchase price, Rehab costs, Holding and Closing costs) using the LTV ratio the lender provides.If it still looks good after the analysis I will visit the property to get an idea of the condition (taking pictures).  

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?