Umbrella insurance will never come into play for Property damage (fires, storms, floods, etc.)It is liability coverage only.I'm an insurance agent and have seen umbrella claims from fatal car and boat accidents. 

Watching and playing an active role in the transition from primarily 2nd liens to 1st and 2nd liens, laid the foundation for me partnering with GSP REI.

How will it all play out? 

He’d likely play the role of buyer’s agent, contractor, and rental listing agent—something we successfully did last June.

Working with a great broker can also help as they will know how best to represent your interests and play the game.

Curious how this will play out in the courts (granted it's LTR) and affect pricing products used for STR such as PriceLabs (which I use but have to seriously manually adjust for very specific reasons).

Not the cash flow play a lot of people expect. 

BP has done such a great job of promoting SFR investing to the masses, that those masses have pushed up real estate prices to where it's now DIFFICULT to cashflow right away.Keep going, but understand you won't get rich in real estate overnight - it's a long-term wealth building strategy.For the short-term, recommend joining a few in-person investor meetings if possible, otherwise online ones.

You want to play the charitable hero.

Sometimes the best investment is found in a 'transitioning' market that is just outside the 'great' market and is in play to be the next great one.