So far, I have come up with the following ideas:- airbnb- bed and breakfast- car storage- boat storage - trailer/motor home storage- shared workspace/office space rental- general long-term storageDoes anyone have any other suggestions?  

Benjamin,The Umbrella policy generally just provides additional limit of Liability if the underlying limit of the Homeowners, Dwelling Fire, Auto, boat, etc. is exhausted in a claim.Most of our carriers that offer Water & Sewer line coverage offer it as an endorsement on the Homeowners or Dwelling Fire (for 1-4 family rental dwellings) policy. 

.)$2million on a dozen rentals, 2 personal residence, a motorcycle, and a boat, runs about $1400/year.

That is the question.It's 30 min from Travis AFB, Napa Valley, Six Flags, a few Nature destinations, and a harbor for smaller boats. 

For some homes, such as those in Dana Shores or Apollo Beach, it's clear that one is able to access the bay by boat based on the fact almost every house has a boat lift and dock.

I just want to know is there anyone in the same boat as I am and if you guys have a do you deal with it?

This was a very nerve-wracking time being that the market was very unsure of the future and rates went up and down like a boat at sea in a storm (my loan office jokes with me to write "Bought a home when Covid hit" on my resumé).Jokes aside, my wife and I were scared that we were buying a home at the worst time since no one seemed to be in the market to purchase a home.

If it is a full redo and inspects well, what others said above is spot-on, you will get less cash flow for paying more, but over the next five years your cap ex should be virtually zero and you are able to mortgage the whole boat instead of buying a fixer-upper and either paying the repairs out of pocket or via hard money.

If you go to a pacific base buy an offshore fishing boat or a Harley. 

Same boat on appreciation vs cash flow.