The workman's comp and the liability ins will cover the entire entity, including me.

Maybe they are trying to get you to agree to a higher price/payment in order to cover what they own.

It's my understanding that in order to have an HSA you have to have a high deductible ins. policy in place as well allowing you to use the HSA to cover out of pocket expenses.

I was thinking - is financial independence acheived when you have enough property to produce rent that will cover all of your monthly expenses, and then have some to put aside in case something happens.

In reality, you'll need to invest $12-13K to cover to closing costs.

.`(11) PRIMARY RESIDENCE- The mortgagor shall provide documentation satisfactory in the determination of the Secretary to prove that the residence covered by the mortgage to be insured under this section is occupied by the mortgagor as the primary residence of the mortgagor, and that such residence is the only residence in which the mortgagor has any present ownership interest.

Half that for a minor componet. 5k to cosmetics (carpet, floor, paint, fixtures & covers, minor landscaping) So a cosmetic fixer that needs a bathroom would be 5k to spruce up and 5k for the bathroom.

To protect myself I require a $3000 - $4000 down payment in case of default to cover expenses till I sell againThis money is not spent on anything and is placed in a high interest money market account only spent in case of emergency for that property. .I keep taxes and insurance current and add that money to their monthly payment.

I'm sure some will say charge a larger option consideration & screen screen screen but is there anything else?

Will an umbrella policy adequately cover me if not?