They quoted an umbrella policy for $200 extra, which is very reasonable.From my limited understanding of insurance policies, if I have the second-home policy with home sharing endorsement (personal liability $1M) plus an umbrella for $2M, then I should have about the same coverage I get from Proper, even in the unlikely event of an off-premise liability lawsuit. 

It appears some folks are confused about the way this coverage typically comes into play.  

ya I dont really understand why folks want to dive into section 8 and instead of buying props that can be rented at market rents. 

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

Because I wanted that extra money for real estate.

I don't think I would add extra cash into the deal to buy down the rate, if you have extra cash I would consider doing a 25% down payment, that will usually get you a better rate/terms.

I’ve worked with folks in both Austin and Scottsdale who did just that and continued to build cash flow over the years.So while the recapture and capital gains can hit hard, there are options to consider.

Hey BP Fam,I just started mentoring folks interested in real estate investing and could use some advice.

I haven't found many folks who have had success with it yet, especially at any scale. 

I'm sure folks will respond here with the list of them.