Most real estate attorneys already have a boilerplate that they use and charge a flat fee.You should also consider buying rent default insurance at some point to protect your cash flow.Good luck,Aaron

The model does not work in a flat or declining market.  

@J J TappiThere’s a difference between a personal umbrella policy and a commercial excess liability policy.

@Deanna Opgenort, I agree that many people just flat out lie about it.

Eating high levels of sugar salt and fat (which causes most excessive weight) has the same effect on the brain as cocaine... so is incredibly difficult for most people to give up!

It turns out my electric bill and feed is also my upstairs neighbours, so the bill is for both my flat AND his flat, but is all on one bill (in my name only) After speaking with my upstairs neighbour he informed me that he pays the landlord rent with money for bills and has done this since he lived there.

It seems the main reason for California being much more expensive is because of the excessive regulation.

Purchase price: $525,000 Upgraded from our Condo (which we are renting in Lincoln Park) to our first two-flat in Roscoe Village.

The present mortgage balance is 25% of the value and we wanted to re-finance to 50% and use the excess cash on another property. 

The question I have is if/how does having excess apartment buildings affect SFR prices?