If your tenant starts a kitchen fire and the insurance provider finds out it was a rental, they will deny your claim.Landlord insurance still covers the property, but won't cover your personal belongings since you live elsewhere.

.: Hello; I currently own two rental units. a duplex and a SFH.

Quote from @Steve Englehart: I currently have two long term rentals and am looking into buying into the short term rental arena.  

I’ve been looking into areas like Oakhurst, Mariposa, Yosemite West, and surrounding towns.If you own or manage a vacation rental in this region, I’d love to hear about your experience.

If your insurance coverage isn't enough, they could seize the LLC assets but not your personal assets.Additional thoughts:1.

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

Anyone can tell you they think there are deals out there, but ask them to show you which ones, and then evaluate it for appreciation as well as rental strength. 

It isn't having paid off properties that offers security, there are still taxes, insurance, maintenance and management involved. 

My first rental.

Quote from @Jacob Campbell: Hello - After listening to the podcast, I've made a commitment to purchase a rental property by the end of Q2 this year (ideally by the end of Q1).