Our mortgage at the moment is around $2100 including taxes and insurance, this would obviously go up if we do refinance.

@Suzy FarmanHere’s what’s worked for me:Leverage Airbnb/VRBO: Many insurance companies use these platforms via third-party services.

@Elaine Ericson ugh - yes insurance would have covered this but without it, not much you can do.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Regarding insurance, the only way we can get it is through the CA Fair Plan, and it’s steep.

I would look into an umbrella policy to increase your insurance coverage on both the LLC and yourself.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Would appreciate the insure.  

Talk to your insurance provider about your concerns and they can recommend the right coverage.

Not sure how many PMCs you've had bad experiences with, but we'll take exception to:"Then do a thorough research on tenant applicants (note: leaving this to a PM may be hazardous to your financial health)".BP seems to have more threads about screening mistakes by DIY landlords as opposed to PMCs.Now, if you'd have mentioned Maintenance, you'd get no argument from me:) Even the PMC industry acknowledges maintenance as one of the biggest challenges.Rereading my post, I kinda see how I sounded negative toward PMs.