While there is truth that one must be careful with what he finds on the internet, BiggerPockets is not such a place for the most part (you should know that by now).

PROPERTY POLICY ($1,000 deductible)-Buliding:  150k-Rental income including extra expenses: 24k-Liability each occurrence: $1million-Liability General Aggregate: $2million-Personal and Advertising injury: $1million           --(I don't know what this is)-Damages to premises rented: 100k-Medical expenses: 5kI was also quoted a $1million umbrella policy.I was referred to this broker by a trusted source and I plan to shop around, but I need some advice on whether or not this is the amount of coverage to shop around.  

More insight of the current numbers (considering a 4.5% interest rate for the new loan)House 1Monthly payment(PITI+HOA): $1,700/moPotential rent: $2,300/moCashflow w/o management company and allowance for repairs(house is in great shape): $600/moHouse 2Monthly payment(PITI+HOA): $3,964/mo (if offer is accepted but I believe the case study is valid for any other house)3964-600 (cashflow)-1700(mortgage first house)----------------------$867 I have to come up extra with every month.In this particular house there is also a room with bath that could be rented for about $800/mo (efficiency, as we call it down here).

To be the sponsor I look for 50% of equity upside and I look to give out 8% preferred return.Some passive investors focus in on that extra 1 or 2% preferred return but I would care more about the sponsor running the ship and the property.Extra return sounds good on paper but 12% of nothing is nothing. 

There is no cap, or rule, or extra tax for posting a large gain in your IRA.

If that extra $4,000 doesn't make it a deal for you, you can still walk away. 

I'd rather have just a decent place with all the extra in cash-flowing rental property.  

I have been known to buy extra on those sales. 

It does look like some data mining based on key words, a link here, county records there...Always trying to sell you something extra... 

Then I asked, how much are you putting out extra per month?