My brother is just now setting up his brokerage, and is in need of affordable & adequate E&O (errors & omissions) insurance. 

There were numerous changes in Dodd-Frank which govern these and if they are not drafted correctly could end up unenforceable. 

Most reversals not based on errors of fact are caused by misinterpretation of appellate precedent.

After numerous hours of reading and listening to podcast after podcast I am pulling the trigger on my first rental property. 

I do think the CDC made a huge error when they enacted eviction moratoriums with no payment guarantees.   

Can you share those calculated numbers with us, to see if there are any glaring errors or omissions in your calculations?

With numerous programs in place and three stimulus checks out to most people and huge amounts of extended and expanded unemployment being paid, it will be the rare tenant who was so poverty stricken they could not afford $100 for a partial rent payment on occasion even once over the past 12 months.However, if your local state, town, or judges are putting restrictions in place beyond the CDC moratorium, then that may not work, obviously.Bottom line: Get educated, act firmly, and stay in control!

Just my two cents.In regards, to your desired market -- I think Bayonne is very attractive for numerous reasons.

@Stephen Brown Hey thanks for catching that error!

The truth is, you could read 100 books and still not know enough because certain things need to be learned through trial-and-error.