My opinion can come with grains of salt, but it's because of one thing or another or where they are limited, but you won't see that until actually doing a deal with them (whoever it is). 

The time limit varies from state to state.

There are some limitations on use if they want to depreciate and take expenses against rental. 

The property will cash flow like crazy due to limited inventory in the area, good rents, and no costs for initial purchase price or annual property taxes.

Hope that helps add to the undersratnding of some of the additional things that need to be considered when choosing coverage limits.

Some states also have strict limits on Wells and then you have to have a certain psi per connection. 

If each co-owner has an undivided half interest then have the co-owner who wants to sell, write out a detailed affidavit with any available documentation -listing all of the expenses that each co-owner has paid for mortgage, taxes, insurance, maintenance etc, during the last three years (or whatever your local statute of limitations is to file for unpaid debt). 

There are exceptions of course, but it generally helps to limit the number of deals I am analyzing so the options aren’t overwhelming.

@Zak Boca I too grew up in Tech and have now invested in over a dozen syndications as a limited (passive) partner in the past 10 years. 

The cost limited to $XXXX is on listing agent.