Also, most Umbrella Policies only pay out if your underlying policy pays out, and the underlying policy will do everything they can to find an exclusion or that you were negligent (which you probably were) in the cause of action to get out of paying the claim.

But before we go on the quest for all the fancy amenities, I think a lot of STR owners should focus on the basics first.Just my .02I agree, but assuming you already have the solid basics like a nice, clean place and you want to figure out how to choose the best amenities to make your place stand out and increase profitability, the tool I’m trying to find is what I’m asking about. 

While the obvious caveat to this is a slightly higher purchase price (if you choose to do so), there are a variety of benefits to this strategy as well, such as:- The idea of getting a Lump Sum Payday (from the bank) AND a steady stream of Passive Income from you as an investor for the downpayment is incentivizing to most. - If the seller is desperate to close (due to health issues, family problems, liens, etc.), they may agree to Seller Finance the small amount in order to ensure the deal makes it to the closing table. - You're minimizing how much is coming out of pocket when closing arrives. 

What would happen if your investors choose to leave their money in, would the capital amount just go up?

It is possible to apply both the primary residence exclusion and sec 1031. 

Many investors from California are choosing to invest in the Midwest because of the low barrier to entry and yearly cash returns making more sense in these lower priced markets.

Many investors from California are choosing to invest in the Midwest because of the low barrier to entry and yearly cash returns making more sense in these lower priced markets.

Want to make sure I am doing my due diligence in choosing the right tenant for my property.

Some people don't like having others around but I've found I really don't mind it if I choose the right person.  

Any way  so in a short hand way I agree with you on stopping to smell the roses when your young enough to do it.. but many simply dont have those choices they choose a job that they must keep at until they can retire and maybe  a week vacation to Hawaii or go party at Vegas is some highlights.