Hi I'm new to this and looking to start my journey towards financial freedom, I'm looking into purchasing a multi family rental unit to start earning passive income.

Ryan,If it is truly a separate company, you will want to have proper Insurance coverage:- General Liability (Bodily Injury or Property damage caused by your operations)- Professional Liability (aka Errors & Omissions - for damages caused by your decisions, advice,...)- Workers Compensation (even if you are not employing anyone)There are other coverage to consider depending on your operations.   

- it all became part of my journey and opened me up to 8 figures, and helping over 500 families a year, while growing a rental portfolio to over 1,000 units.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users Best of luck on your REI journey.

The importance of creating a professional transaction can also protect both parties.

If you're on a similar journey or have valuable insights to share, let's connect!

Personally, this could not be worse news for my buyer/investor focused growing business, however my role is not going away anytime soon..For example, there have been numerous instances where the amount of price negotiation exceeded my compensation or transactions that without my (or a professionals) participation would likely not be as efficient, feasible or successful.

So what do y'all think should we push forward and rely on our will, wit and the opinion of our professional team.