I think the umbrella is a relative bargain (and as you note probably lower risk for insurer as the underlying coverage may handle many claims) for the price (I use  RLI, and maybe your solution is as simple as a lower cost provider)...In my very short time seeing inside of insurance defense, I would see the guys that worked for the major insurers (who fought claims on a daily basis) up their own policies, so that was enough for me..  

@Han Oh  yes legal fee's as they relate to the foreclosure not legal fee's to see how to do it or what the pit falls are.

I have supported Real Estate related Veteran Organizations such as Building Homes For Heroes and The Veterans Homestead Project by helping locate  properties, donating materials and volunteering my time.  

Shamim Toufighian Whether something is a good investment or not is all relative.

I am sure there are a lot of BPers who can relate to your story.Thanks for sharing and good luck with your REI activities.

The front end due diligence is the most time consuming and difficult part, but provides a relatively straightforward path to income or capital gain.

I found a great house, well a shell but in a good area friend relative house.There is some money owned to the NJ Tax and a small mortgage.

A gentlemen (I think he may have been a friend or a relative) got out of the vechile and started screaming saying "where is that f***** a*****." 

I'm relatively  new to real estate.

Hello REI's, Im David Pitman.Im a relatively new member and Im looking for connections in the Colorado Springs/Denver Area.I wear several "hats" in this industry.Im a contractor in Colorado but have Licenses for "Public" Insurance Adjusting in TX,KS,NE, & MO. ( I only work for property owners, NOT Insurance Companies)Commercial/Residential restoration and damage appraisals are my specialties.Im looking for connections with investors that need these services.