I have two properties with MSHB and plan to keep using them in the future. 

I'm considering making an offer on a property that is listed as a 2 bedroom 1.5 bath as a long term buy and hold property to add to my portfolio. 

After much consideration, I've resolved to take action and pursue a BRRRR property.

Also would need to know if the property would be owner occupied or an investment property. 

I've handed off my LTR to a separate PM and they want to be named on a general public insurance policy for the unit, but truth be told, I feel like I need a solid umbrella policy to cover the MTR and any claims against myself and husband as the owners of the property.

Keep the property IMO.

It's more important than doing individual property analysis, because when you do a proper market analysis, you are analyzing ALL of the properties in any market(s) at the same time.Now, one of the analysis "pitfalls" is not understanding what defines a market, or more importantly, a Micro-market.Another problem is focusing on one strategy, and trying to fit each market/property. 

My issue is properties have appreciated a lot since the last one.

I am from the Hagerstown, MD area and was looking at a few potential investment properties in Cumberland.

I found a property on an auction site that I'd like to bid on.