One of the problems with insurance is that you can not predict the nature of everything someone may sue you for. 

Check out FHA and 203k loans, HUD properties, and things of that nature.

We are releasing this toolkit well in advance of the effective date to help the mortgage industry come into compliance with the new rules,” said CFPB Director Richard Cordray.The toolkit, which can be found here, provides a step-by-step guide to help consumers understand the nature and costs of real estate settlement services, define what affordable means to them and find their best mortgage.Complete Article from HousingWire

I am conservative by nature although many think I take to many risks (again relative term).So where do you invest outside your home state and why?

Just the nature of small town workers not all are professionalized:  bank account, newer smart phone, have cash to wait for a check to clear etc.A contractor suggested I use green dot prepaid card to pay him. 

Sometimes it is hard to garner things from posts because of the terms being mixed up or misused.That said, OP (brother et all) purchased an asset that naturally flows into real property at auction.  

These transactions are much more complex in nature and I have a specific skillset which adds a lot of value.There are potential clients that believe they know it all and everyone else has limited value.

@Zach SchwarzmillerOne flooring choice for bathrooms and laundry not mentioned here is linoleum {I am referring to real linoleum here and not the incorrect use of the noun in reference to sheet vinyl}It's available in a variety of colours/patterns, is organic and naturally anti-bacterial, and lasts well.

I am researching for Buy and Holds over the next 10 years to supplement retirement.  

And the nature of real estate and all of its advantages (tax deductions, principal pay down, appreciation, time value of future payments, etc.) in the long run can turn just a good deal into a phenomenal one.The area has seen some awesome appreciation and rents are rising so I'm very glad I did it even at asking.