I figure the upside to the rental scenario is, of course, investing in multiple properties, while a downside would be having to most likely get a conventional loan on the second house with 20+% down and proof of sufficient enough financial reserves to handle two mortgages. 

I now currently work for a PM in Milwaukee that has the same focus as you, to provide quality property management and we have prioritized quality over quantity as we have grown our business.

My concern is that without that amount of personal income available I would have difficulty establishing a sufficient amount of reserves for emergencies.

In California, a Will alone is usually not sufficient to avoid probate. 

You just need to have certain minimum underlying requirements per policy exposure.I do agree that having $1 million in underlying coverage is not a sufficient reason to not consider an umbrella policy. 

That is all sufficient to establish a fact pattern of actions that will have serious consequence for him.If I was the FBI, I assure you I am not, I would join the Subto “community” and start gathering what I need in order to bring charges and win my case.Hmmm, I wonder if it would fall under the RICO statutes.

Investing in Bitcoin is investing in something that is based on nothing more than limited quantity.

Not sure you're quantity of funds, but I'd buy 1 quality property with a 1.25 DSCR(so on paper--intrinsic), and ideally 1x the downpayment money in debt notes(or if that's too hard, minimum 33% but ideally at least 60-80%).

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

if someone else comes along and wants to put 50% down on a great property, and they have sufficient cash and reserves, great!