Then, you can pursue an Excess Liability policy that overlaps and extends some of the limits of your existing liability coverage.

Investing in general is significantly easier when you have excess cash. 

I spent all of my early 20s traveling Europe and working odd jobs and fighting wildfires all while never finishing my degree in computer science.Since then, however, I have reached mid-20s-dom and have developed a bottomless appetite for financial education.

Everyone uses different rules of thumb, but I've typically seen the following:$500-$1,000 per unit in Replacement Reserves (usually lender required anyway), and1or 2 months of operating cash flow (to cover expenses and debt service for a month or two if any excessive vacancy occurs)Beyond that, it is a personal preference.

Make yourself familiar with what is and isn't covered, so you can make an educated decision on the level of coverage you want based on your risk appetite.

Who’s responsible for the removal of the ‘excess’ of parge etc on both sides?

Nothing makes real estate investing easier than a massive salary and lots of excess cash.

The ROI that is quoted/projected on these to the syndication (funding partners) is often in excess of what the income could sustain/justify.

Part of me wants to flip the house and move on without any excess ‘baggage’.Looking for some input from the Bigger Pockets community on how to proceed.

They are probably out there and could help save everybody any expenses for excessive water leaks and put those places on your regular inspections.