Does a regular umbrella insurance covers STR?

I recently lost my job, have about $150k in cash to invest, have a few cash flowing rental properties, and really want to use the $150 to maximize cash flow so I can avoid a regular job and focus on real estate and starting a new business. 

Once occupancy permits are done, then you get a regular mortgage. 

We regularly update it.

What happens if something spills and/or leaks under the floated flooring (like a cooking accident or the tenant getting wet out of the shower on a regular basis)?

@Eli JoffeTo make smart choices for your first rental in Cincinnati, look at key numbers: buy price, fix-up costs, closing costs, monthly rent, mortgage, management fees, vacancy rate, and upkeep costs.

The other is under contract and I will probably end up keeping it and starting the rehab, depending on the next couple of people I show it to.

Start with small steps, keep track of what you do, and regularly check and tweak your plans.

Is it different then regular insurance?

Most homes in Milwaukee sell with multiple offers, so instead of more contingencies or tests we currently see about 56% of all offers without even a regular home inspection.