What type of insurance would you guys recommend for this scenario?

But is this a feasible scenario?

Well, I'm going to come up with this kind of scenario.

It is preffered in case the companies go under (senior to common in default), it is a fund so it is diversified, and it has a pretty darn good yield (currently 9.3%).I think a lot of BPers might enjoy that tip.

triple net refers to commercial leases in a retail strip center, etc which requires the tenants to pay for three of the expenses (usually taxes, insurance, and common areas)From your additional posts, I see this is in fact an apartment so never mind the NNN.

They said these days anyone can get sued for anything, and a judge may think that I have taken advantage of them and given them false hope.Can someone help me with this scenario, and also share with me what and how I should state contingencies in my Purchase Agreement that will protect me as much as possible?

I could see the tax benefit of doing flips in a tax advantaged manner but, that's a lot of work for a benefit so far down the road (maybe for someone closer to retirement it would be a different story and an interesting scenario).

So, even if you bought it at the asking price without trying to barter, and put 10% down, a 15-yr mortgage on the remaining 38,250 at 8% (a bad rate as I understand; I am purposefully trying to assess this as a 'worst case scenario' to make sure it is profitable even if the loan doesn't come out as well as planned)That means payments are 365.54/month + 149.42 taxes + I have no idea how much for insurance.

additionally, i've seen its common to start off wholesaling.

Nosebleeds are a common symptom, along with the usual chemical injury symptoms.