If you have a 4-unit property for example, you will need more liability coverage than a single family property because you have more people coming and going and thus, more potential injuries that could occur.The best advice I can give, however, is to be diligent in your business practices and in maintaining your properties. 

I am I am going to stay away from HM for now and do more due diligence before coming back to it.... 

Seems like a good option for someone living overseas, since all you have to do following due diligence and funding is collect distributions.  

In the future we will do our due diligence. 

So do your due diligence carefully.

You need to read the loan covenants while under due diligence for this CMBS loan and get pre-screened before you start spending the big bucks for reports etc.

@Kathleen Miles As long as you make sure that there is no legal language barring you from assigning the contract for cash, and you make sure that you do proper, exhaustive due diligence than you have nothing to worry about.  

Don't feel eager to jump at everything you're sent and do your due diligence to decide which property is best suited for you!

Yes doing DILs would be great if we can track down previous occupant but my fear with this is that any liens after the first would still be in effect so I'd have to do my diligence to make sure there aren't any other liens on the property.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.Download BP’s newest book here some good due diligence in Chapter 10.