This is a more general term used by some insurers to cover all lenders.

The goal is for the rental income from the units to cover all of or most of the mortgage, multifamily house hacking, if you will. 

They'll typically require ~10% down and then cover some or all of the rehab.

Also, I've added about $250 to my monthly costs to cover utilities.Looking on Furnished Finder, I do see plenty of places in my approximate price range, so I thought my target (average of $1100/room) was competitive and reasonable.

Or, is it worth just getting an umbrella policy to cover all properties?   

I have been able to find companies that will cover real estate portfolios on one policy in other markets but no luck in the Florida market.

Most also cover cleanings between guests, but don't handle maintenance.

They can ask you to serve notice so one unit (or both) are vacant at the time of possession, but if you agree to that make sure you have a large deposit and some of that is not refundable if the buyer backs out as you will need it to cover the lost rent.

I've thought about property mgmt. but I'm having a problem deciding on whether or not giving up 10% of gross income to cover the cost of mgmt. is worth more than convenience of improving the proximity of another location closer to my primary and easier to continue managing myself.  

Cash flow is the big struggle these days so I would agree that's the best topic to cover right now.