In “general” - what will general liability cost you for say a 1M dollar policy? I know underwriters and insurance comp’s won’t quote you a price until you have a property or some info on overall strategy, but I just want an overall picture.
So for instance, what do you pay for yours?
Secondly, what do you pay for Fire and Casaulty Insurance on a building/home?
Now onto other things: Lease/Options - what do you think of Lease Op’s to purchase Out of Town real estate? - Another words - use the L/O (when there is no seller bank mortgage and DOSC to deal with) to take possession of property - if things go well…ie. property management works well, rents are collected, problems are attended to accordingly and overall operations improve or are seemingly steady - then exercise the purchase option at the predetermined time. If not, walk away.
The seller gets me to see to the property thus alleviating him/her from burden of having to manage it and I get the opportunity to purchase some RE.
As you can see, I am NOT giving up on the idea of investing out of town.