You might also want to double-check if having a local property manager satisfies the city’s requirements or if the operator still needs to meet the residency rule.Good luck with your Airbnb arbitrage—Cincinnati can be a great market! 

Some of the most important criteria are these:1) Both real properties must be investment properties, and not your personal residence.

Investment Info:Single-family residence buy & hold investment.

He found a company insure my primary resident in CA and helped with policies on my properties out of state as well.

Heres the scenario:Married - Husband owns 2 properties (1 long term and 1 short term) and wife owns 2 properties (1 long term and primary residence)  in each of their own names.Husband has LLC with zero properties.

Can you have a rental insurance policy if you currently reside in one of the units?

Additionally I don’t want to dip into my personal primary residence rainy day fund.

Owensboro, the state's 4th largest city, has a population under 100K, and many OOS investors prefer cities with at least 300K residents and strong job growth.

My investment property insurance would not provide umbrella unless I have all the insurances under them - Vermont Mutual and it's too much to move Cars[Geico], residence etc into one insurance just to buy one Umbrella insurance. 2.

Investment Info:Single-family residence buy & hold investment.