Like you said, it was a strong seller's market then with steep appreciation, multiple offers, way over-asking price offers, escalating clauses, appraisal gap coverage, buyers waiving all contingencies, etc.

They also have blanket insurance coverage which is much lower then policies in Philadelphia.

They already lost some major players due to the state capping rates https://www.foxbusiness.com/lifestyle/california-insurance-c... will all insurance companies stop coverage, raise rates or reduce what they cover?

Any recommendations for Umbrella insurance providers for each partner to cover any liability?

Hopefully your lawyer also mentioned insurance- title and hazard.A quitclaim deed transfer can hurt your title chain and title insurance. 

.🔹 Insurance Challenges – Even when insurance pays, it rarely covers the actual cost to completely rebuild.

Lenders usually determine whether properties are lendable based on the debt service coverage ratio. 

If you have insurance, generally, there is mold remediation coverage. 

Look for loans such as DSCR (Debt Service Coverage Ratio) loans. 4.

At a high-level, I'm looking for a single page that will show the entire health of the property, from income/expenses, to debt coverage, capex, ROI, etc.