I'm a local broker and investor and manage 100+ investment properties.

I’d also recommend getting a few quotes, including at least one from a mortgage broker.  

Consult you insurance broker for specifics but I found this policy to be very protective and reasonably priced.With regards to an umbrella policy they are typically good to have.  

A few months ago my fiancé and I bought our primary residence and we did really like our mortgage broker.

I'm an investor and licensed mortgage broker.

Hey Rebecca, I'm a broker and investor up in Sacramento and manage about 100 investment properties (STR and LTR).Many of my clients are high W2 earners seeking "bonus depreciation" to offset tax liability by investing in STR.

Risks: rates go down and you have to pay a prepay of 2 or 3 %; you have to sell and pay the prepay; rents decline & you can't make the payment like any other type of loan; cost upfront a little more than conventional; need to find experienced broker licensed in the state where subject property sits; servicers are bulldogs. 

Definitely something to pencil out with a lender or broker.

Hey Stefano Vrolijk,Speak with a local mortgage broker and get pre-approved for a loan. 

Just make sure you take your policy to the brokers so they can do a direct comparison.Maybe hit up your primary home insurer to see if they offer a STR policy.