Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

Challenges: Limited Inventory: The availability of duplexes in desirable neighborhoods seems scarce.Financial Viability: Many properties that are available either don’t generate sufficient rental income to offset mortgage costs or require significant renovations that exceed my budget.  

A million dollar liability coverage should be sufficient for single-family & MF up to 8 units, at least.His experience is that any claims against his company have been frivolous & insurance co. settled or delayed until tenant just walked away.

A good rule of thumb is to make this a requirement in the contract, and get a copy of the endorsement, relying solely on an insurance certificate that states "additional insured" normally isn't sufficient.

A simple technology stack and a great local team (cleaners, maintenance, and "gopher") is sufficient to self-manage one unit, assuming you don't mind the occasional late night call.

It's crucial to allocate sufficient funds and consider the impact on vacancy rates.

It looks like you have a Net Worth sufficient to do a $300K loan, although the lender may also want to see some more liquidity too.To go bigger, you may need to get a partner that can be a guarantor on the note.  

Both have private mortgage insurance (PMI) but generally the 5% down is preferred as the PMI is usually less and you don't have to contend with self sufficiency fha tests on 3-4 unit buildings. 

In most instances the reason why the seller is willing to engage in such a transaction is because the property has issues or is not priced correctly.

A few things to focus on: make sure the property is fully compliant with local licensing and safety codes, plan for sufficient staffing (especially backup coverage), and consider the layout and accessibility for seniors—ADA compliance and easy navigation are key.