Any recommendations for Umbrella insurance providers for each partner to cover any liability?

For a single property, a strong umbrella insurance policy may offer sufficient protection at a lower cost.

As Shawn mentioned above insurance is going to be a HUGE deal in Gainesville as well as HOA's.

They get a higher return since they are covering housing cost, have the $250k per spouse primary residence deduction in gains, is a savings account, higher leverage position, lower interest rate possible, will pay more premium for location, etc.House might be overpriced for REITs but not for home owners.  

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

@Ana Escudero Property insurance renewals have been challenging the past few years, but there’s some stability with carriers heading into 2025.

This would apply to your unit.Your biggest concern with setting the rent should be the near future. 1) Your insurance is guaranteed to go up, probably dramatically.  2) You may get an insurance assessment bill to cover the CA Fair Plan losses.

Curious if any General Contractors have recently originated commercial general liability insurance and build units that are sold as Condo/PUD's.

If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.

To my knowledge, guests also have trip insurance.