I like umbrella because there is no worry of being pierced for inadequate separation of finances, if sued you have a heavy weight in your corner who has all the consequences of a defeat, and because usually it is reasonably priced (mine today is not so reasonably priced but I believe it is mostly related to the risks of CA).I do understand that the probability of needing the umbrella policy is low.  

Depending on the loan product, you may be able to exclude business debt once the business has paid the debt directly for 12 months.The income and losses related to the operation of the entity will affect the income side of your DTI (like Jay explained) if you own 25% or more of the entity.

If they were insured with Cal Safe they are both dramatically underinsured and a single neighborhood would deplete the programs' reserves. 

How much weight do you give to the cash flow benefit of cheap debt when the property is priced above market?

I joined the program to build something together.

A client can close on a new property with us in less than 45 days so no long closing or pre construction risk anymore with our program.

In many cases I'm a proponent of the Section 8 program and know how to make it be successful and lucrative.

Recently spoke with them about their master lease program for my STR in Oceanside.

A 50% decline in asset value would result in a $10,000 loss, double the loss of the unleveraged asset.  

Plus, in Georgia, the tenant can be kicked off the program if they trash the property or don't pay their portion.