I personally like contractors to have at least $1million in liability coverage AND worker's comp.

The strategy here is keep taking cash flow to supplement your living/retirement.

Chris, the basics of any loan (and the attractiveness to the lender) come down to two main factors....cash flow (aka net profit, income, debt service) and asset coverage (aka net worth, ARV, secondary support, LTV).

I decided to get into REI as a means to hopefully supplement my eventual military retirement.

The title policy will exempt this from coverage.

The best was the $1000 in additional fees an AC company wanted me to pay above and beyond the home warranty coverage.

While the recent Army announcement had media coverage, planned military reduction across ALL divisions has been in the plans for several years and has already been taking place.

This is why investment property loans have debt service coverage ratios or carte blanche reductions of gross rents to account for vacancy loss, etc.

Without knowing all the coverage details, that seems extremely high to me as well.

I have the option of going with a landlord policy with $1M in liability coverage.