This is our boilerplate language:Insurance: Tenant should obtain a renters’ policy of insurance on their personal property.

But I don't know your personal situation and all the financial details. 

Also, long term, I expect Sac will enact tougher restrictions on STR, given the intense housing crunch we're experience, so I personally don't expect that to a be a good long term strategy.

Personal guarantees are EXTREMELY common.

I want to exit as I don't get any personal use from the STR being 20 mins from home and would rather apply the capital to another opportunity in multifamily (LTR) or another STR in Hawaii where my brother is a broker and now manages STRs.

@Lauren MerendinoI strongly believe that your chosen market should be somewhere that you can go to in person / have strong personal knowledge of / have family or a network in already.  

If you have a chunk of money to get going I'd personally buy the biggest thing you can if you don't I think house hacking into a 4 plex is great. 

I haven't personally dealt with any crazy insurance premiums such as the ones people have been advertising in like Tampa, FL.

Choose a goal so ambitious it forces you to grow into the person who can achieve it.

Key updates included kitchen and bathroom remodels, new flooring, and enhancing curb appeal.