I'm London based and right now we're in the middle of a massive housing bubble - very basic 2 bedroom flats can be found in excess of £200,000.

I don't really have the money to spare, but I certainly can not afford to lose any money on a bad deal.

So you need a $2M Excess/Umbrella policy. 

So be being in the homes business at those numbers, he has the privilege of only losing 1,160 on each home annually ( again an example for perspective ) . 

Especially because I do not want to lose the momentum and motivation I've built up so far.

Consequently, you stand to lose some level of control. 

@Gabriel LazcanoYou can lose all the property. 

Llpeng...I congratulate you for recognizing your "new", but I must caution you about believing you can ask a few questions on this site and will gain enough knowledge to keep from getting sued or losing money.  

Not only you would not achieve your promised yield, you would likely end up losing all of your capital. 

You will also have to be able to either take the deal down yourself or ve willing to lose the EMD, if you can't get approval to assign the contract.