It is also better to have some type of corporation or an LLC that will protect both of you if there is a problem.I am 59 years old and I found BP about a year ago and I am still deciding what to do for the rest of my working life.  

In return, I do anything I can do to add value to your life or business.

This is the page at the beginning of an insurance policy that lists the limits of insurance, deductibles, etc.

I am putting 25% down at a 3.25% interest rate so my mortgage with HOA of $334, insurance, and property taxes will be about $2640.

Does it make life THAT much easier? 

Here are the details:$319k (with an ARV of $319k)15 bed / 6 bathGross rent: $9050/monthMortgage: $2799.45 (100% financing at 10%)Total Operating Expense $3849.33/month (Maintenance 17%, Vacancy 7%, tax and insurance included)Monthly Cashflow: $2401.21If you have any thoughts on this property, I'd love to hear them.  

I have been a lender catering to funds, investors and consumers for the last 4 years but my family has owned Multifamily my entire life and it helped put me through college during the recession.

When you do close on a property, right away get an insurance policy that will protect you against most losses.  

The worst thing that can happen with an investment is it goes bankrupt and you lose your entire life's savings. 

@Scott Taylor   E & O = Errors and Omissions  insurance.. virtually every realtor has it.and if you make a monetary claim against a realtor they usually turn it over to the E & O carrier if the claim is sufficient enough.. many of these policies have 5k deductables.Also in most forms and we are going through this right now on a deal I am the seller on in PA were the buyer literally backed out day of closing and wanted their 10k back.. and of course I told them no greaking way.. so we are going to mediation.. and mediation is cheap there only 250 an hour.. the buyer has not appointed an attorney and my Agents will represent me..