@Jason Cook Any particular reason you are choosing DC?  

Sometimes the path we choose does not end up being what we thought it would be.

An umbrella policy can go for a few hundred dollars for $1MM or more.I usually choose a higher deductable policy since when you get a lot of properties your insurance costs really start adding up.  

like @Bob Bowling said, location is crucial, if you can get near an area that's very desirable (beach, downtown, area with lots of jobs, etc) you can expect to have multiple renters to choose from and expect appreciation of the property.

You will find amazing opportunities if you choose to invest in US.  

Nothing says the seller has to take any offer, they can choose to accept whatever offer they want.  

This deal is a lot smaller than I wanted but I need to be picky with my numbers and the properties I choose.  

You do want to hire an attorney of your choosing to review the documents and be sure they're correct and that you understand the ins and outs of making this loan.  

@Andy Kaye I plan to buy one quadMFR in the next few months, I wont choose an official business model until i talk to a cpa or real estate lawyer and have more properties. thank you for the advice

Depending on who you choose, expect 1-3 days for step-up. 2.