If you get a policy with enough liability coverage, you can avoid the expense of an umbrella policy.

So my question is what coverage will i need in the event that the tenant damages the inside of the townhouse?

As that get's into the neighborhood you may not have coverage but if they have to go past that casino to get out and you have the time of the crime, the bad guys may well get caught, and remeber indians can sneak up on bad guys.

If the QD goes through, the only real issue will be title coverage, but it is done everyday.

If an insurance shister company said the LLC was entitled to the loss of rents under the coverage but that the trust had no insurable interest, then where are you?

Besides, the house is old and insurance is expensive once you include the earth quake coverage.

Underground pipes typically don't have coverage.

Have the subs provide a certificate of insurance naming you as additional insured with the broadest AI endorsement (CG2010 11 85), primary wording and a waiver of subrogation for their general liabity, auto and workers comp coverage.3.

The compute a "Debt Service Coverage Ratio".

The reason some tenants are not allowed to supplement an S8 voucher is because they have reported income that does not allow for any supplement....as in zero income or an income below a certain threshold.