I have been a lurker here on the forums for the past 6-7 months and I must say this site is one the best things I have ever encountered on the internet with vast knowledge and great people.I have recently decided to pull the trigger and "just do it".

I wouldn't pull the trigger for anything less that 200 a door.. however, every investor is different. 

Transferring title by quit claim deed could trigger the "due on sale" clause.

Not wanting to trigger getting my loan called, here is my line of thinking...Current mortgage is $58k. 

Many investors will use a Conventional loan to close in their own name and then transfer ownership to an LLC; however this will trigger a due-on-sale clause, allowing your lender to call the note due in full within 30 days if they so choose.

After reading through the HOA's insurance's policy, I found that the policy is called "Business Owner's Policy" and below is the summary page of the policy:"General LiabilityGeneralAggregateLimit(OtherThanProducts-CompletedOperations) $4,000,000Products-Completed Operations Aggregate Limit $2,000,000Personal And Advertising Injury Limit INCLUDEDEach Occurrence Limit $2,000,000Fire Damage Limit $50,000 PER OCCURRENCEMedical Expenses Limit $5,000 PER PERSONHired Auto INCLUDEDNonowned Auto INCLUDEDAccounts Receivable $25,000Employee Dishonesty $10,000 PER OCCURRENCEElectronic Media and Records $10,000Fine Arts $10,000Money & Securities $10,000 Inside/$2,500 OutsideValuable Papers and Records $25,000"One quick question is that how i can tell if this is an appropriate HOA's insurance.

You probably already know this stuff but before you pull the trigger run your #'s in a worst case scenario.

This discussion seemed to trigger past ghosts??

I have been dreaming of owning a multifamily property since 2006 but never was able to pull the trigger due to financial issues.

& if you use contractors to do any work on the property check their coverage for workers comp/injuries.We just had fellow investor land in a lot of trouble with an injury on-site where the guy was working off the books for a contractor friend.good luck.