Asking for the property is $18 million.

Hey BP,So a friend of mine is looking at a $1.4 million 14-unit apartment complex and has convinced the owner into talks for owner financing.

Considering crime rates and general reputation, I think Whitman, Abington and Rockland are more attractive though.More expensive coastal towns like Cohasset, Hingham and Scituate are great for summer rentals, often fetching over $2,000 per week in mid-season. 

I currently have a two million dollar umbrella policy on top of rental property insurance with limits set at $500,000.  

Guess what - even today having made offers in the millions, I still feel frighten - afraid of making a mistake, not finding the missing pieces of the transactions and other potential gate keeps who will try to stop me form making a profit.But today - so many people want to get rich so they enter this field of investing, assignments, so called wholesaling, flipping ----- the gold rush of today is not gold - it's finding owners of real estate who will give it way ----  elderly - unaware ------  tax sales, foreclosure ------ real estate is today's gold!

There are a million ways to make money in the RE business.  

Or my kids get bored and pluck all your fruit and veggies off the vine before they're ripe.There's probably a million other scenarios like this that I haven't thought of.

Meaning, If I claim I stubbed my toe on the door step of your rental property and I'm owed $5 million for the loss of my pinky toe, your insurance carrier steps in and says "Hell no, we'll give you $50 to cover your copay at the walk in clinic...Have a nice day and be on your way."

If they haven't changed since I've been there (over 10 years ago) they were offering up to 10 million in Personal umbrella protection or PUP.

@Timothy Crawford this is a great strategy and often can set you apart from the keyboard quarterbacks who are looking to Tim Ferris their way into real estate millions.