Also a person worth 2 million who invests 200k into a syndication might take them many years again to invest with you because of limited capital.  

If not, do you materially participate in the syndication or are you simply a limited partner?

Less than double the premium on the homeowner's policy I had previously, with a higher limit and lower deductible. 

After contacting four insurance agents, I've been consistently told that I need to purchase two separate policies: one for standard coverage and another for liability.The only option presented to me is the California Fair Plan, which offers limited coverage.

I am not sure if anyone ever cared to pull together the data but I am quite confident in saying a study that compared licensed to unlicensed contractors would tell the story of unlicensed contractors seeking greater deposits in relation to total project costs than those with all proper licenses.

Generally speaking, knowing your limits & your investors limits as a private lender is most important.

Then if you want you can gift that back to her using annual gift limits. 

Hold firm.If you get nervous, drop the rent $100 per month or confirm your marketing is good.You do limit the prospective tenant base by restricting pets, but that is your prerogative.

I actually advise on and develop reserve studies for a living.

It comes down mostly to your Management Agreement, although I doubt they would expose themselves from this clause.Max Spending: What is their limit to spend without your permission?