I don't you would be gaining enough in equity to make it a smart investment, so you better be getting a good enough deal that you could turn around and sell it for a profit once you get the rents up or you better have a strong case for it appreciating.  

Perhaps you want to shop around different insurance companies. 

That's a VERY smart first step. :)Liz

It sounds like a good opportunity but I want to be smart about it.Thank you in advance for any feedback you have to offer.Andrea

I'm looking forward to setting up shop here at BP.

Another tip is to shop with many lenders for a longer amortization period if you need cash flow.

I also, formed a group that purchased a small shopping strip and a storage complex.  

If he's willing to guarantee no leaks and take care of all the shopping and running around sounds not too bad.

Its always better to avoid the MLS because it's where the retailer buyers shop.

Question is, will that affect me negatively in any way if I don't plan on "managing" a brokerage in the near term, likely still hanging my license @ a friendly shop for now?