And a person can add layers, for example, say you don't have good cash either but do have a friend, relative etc. who would partner and has the cash, done, as C4D doesn't have those nightmares of red-tape on seasoning for funds etc.. 

Once you make contact with the homeowner you obviously must get the Authorization to Release but a document I discovered that is vital is a Cease-and-Desist letter.

To be honest other then what has been stated i dont know much ...i know that it is vital to build a team who you can trust and that are honest.

So naturally I want to have a few layers of protection.

Do you mean 12MIL wear layer or 12mm total thickness?

Then the inspections come back, with all sorts of problems.  3 layers of shingle roofing, making them uninsurable, open electrical sockets and bad wiring, cracks in the foundation, etc. 

@Tammy Vitale I just sent you a PM.

If you want to be a successful real estate investor you need to find a good real estate investment coach, it is vital to set your goals first.

Umbrella policies are very reasonable and offer a layer of protection.

I also like to compartmentalize and keep separate my rental business from my other businesses, the real estate brokering services that I provide to clients, and my personal life, and I find that for me both mentally and practically, the more layers of separation between these the better.