Hello BP Community - I am looking to insure a brick 3250 sq. ft. 4-unit in Midcoast Maine and the best quote I've found on a DP3 policy is $1,700, which includes full replacement cost of $564k, 10% rent loss, $1 Million liability, $5k personal property, $5k medical, $5k deductible.I understand that rates vary by region, so would any New Englanders, or Mainers specifically, care to weigh in or recommend an insurance company.Do most of you carry DP3 policies on your 1-4 units? 

The latter can bring greater returns, but may very well carry more risks to your capital.  

@Carrie Anderson  I know what I do is completely different than what most others on BP are doing business wise.

Carry licenses and insurance etc.  

Seller carry back financing will be considered the same as regular bank financing. 

What I've received so far is that he'd sell all 4 properties with a sizable down payment and then he would carry a 5 year note at 6%.  

How long can you carry the property until its leased?

However, this particular deal has 2 larger units included that could/would rent to a less transient client and carry the debt entirely.

I don't believe this makes any sense for me.At $250 sf  for 2 2000 sqft townhomes  ( 4000 sqft )  = $1 Million dollar building costplus a min 1 year building time and carrying loan costs etc.The possible market value for each might be $1 Million each which only grosses $2Mwhich might net  800K ( 2M - 1M - 200K misc ) .At $200 sqft it might net 1M ( 2M - 800K - 200K misc ).But this does not favorably compare  to outright sale  which should net $1M after some renovation work.Building profit would be better if each townhome sold for 1.25M.Your comments are welcome.Thanks !

Looks like a fair deal where the landlord is carrying more than the fair share of expenses to justify above market rent.