Does renters insurance cover something like this?  

Our property has cash flow and according to the many bigger pockets podcasts I’ve listened to you shouldn’t just pocket all cash flow but set aside a percentage to cover reserves, CAPEX, vacancies etc.

I wanted to cover my why and what first to give a good picture of where I'm at current state, with a background and what I'm looking for below.My why: I recently got married and moved from San Diego to Scottsdale this year.

As I mentioned above, the risk of being sued, found guilty, and fined more than your insurance will cover is almost non-existent. 

It is always better to start with a multi-unit 2+ so that if something goes wrong, you still have one tenant to cover necessary expenses (mort, taxes, insur, etc).Also, major renovations are not a great idea for starting out as others said, especially out of state.

Set your standards up front.Raise the rent to the market max and the difference will cover the deposit in 12 months or so.

Technically, those sleeping over 12 built after 2016 are putting themselves in a legally liable situation if something happens as insurance companies may not cover them.

Her retirement income would be used to cover the mortgage.I hope this gives you an idea of my plan.

Your insurance may also not cover you or your tenants. 

@Paw Nouri Maybe in your area they will cover damages but not in Maryland.