Been paid for years on time without capital calls, or any issues, etc and they reduce my taxes through some tax incentive structure with their legal team.. but the key element is the liquidity and the fund is fully diversified with California properties as well as several other states, they do flips as well as buy and hold and also diversify by type of property as in residential luxury and commercial mix use.

Everyone has budgets and you are not in the luxury bracket where I would worry about young partiers etc.

I think every market has those luxury areas that pricing is multiples beyond what any average person in the market can afford. 

Most new construction in Austin are luxury new apartments.

Nobody needs 10 luxury cars and his personal chef drives a bicycle to work.

For example, this can be adding square footage, adding an extra unit, or adding a pool in a STR market/luxury market.  

This home is not a luxury home so the insurance route seems overkill.2) Buy a worry free waiver and add it to the booking rate?

My current purchase is a luxury cabin at $500k that has stabilized STR income of $100k.  

Its tasteful but makes things a little cozier.We are not a luxury property, and that's ok. 

(Luxury mansion or hosting your home while on a vacation)Have you noticed that your bookings are coming in a chunk?