Another option would be to see if the seller would be willing to carry the financing, allowing you to purchase the property and provide them with steady monthly income instead of one lump sum of cash (on which they would pay heavy taxes).There are also other options you can find in Brandon Turner's book Investing in Real Estate with No and Low Money Down.

Personally I carry a liability policy for each property then have umbrella insurance for added protection.

The Points and Interest rate are just methods of pricing the money they are selling the REI.Loans are what you carry for a period of time...maybe forever.

Three 4-plexes on three separate tax parcels and a seller willing to carry a note on 2 of the 3 buildings.

While commercial financing would carry a higher interest rate, being able to cash flow an additional unit would more than make up the difference.

You can use it in invest and hold scenarios to carry the property until you can get traditional financing however the interest rate will eat all of your cash flow if the deal is not strong enough, and if you don't get financed in a year, you'll lose the property (Plus from what I've heard from talking to a lender, you'll need 20-30% of your own money in the deal, plus a few points).

If fixtures are not used the p-traps will not carry any water allowing sewer gas to pass through.

I've found that in a situation like this the homeowner is more interested in doing an owner carry on the mortgage.

…but I feel like every minute counts in minimizing those HML carrying costs, unloading the flip and moving on, especially since the rehab itself took about a month & a half over the initial timeframe (due to no fault of the contractor’s).

Is so, you've a 99% chance it is load bearing.That does not mean you cannot some or most of that wall, but you will have to put a beam across that span (LVL or steel) and ensure the load is carried all the way down to footings under the house.