Umbrella insurance will never come into play for Property damage (fires, storms, floods, etc.)It is liability coverage only.I'm an insurance agent and have seen umbrella claims from fatal car and boat accidents. 

Quote from @Edreco Amosco Amosco Amos: Hello BP community,I am fairly new to real estate.

He’d likely play the role of buyer’s agent, contractor, and rental listing agent—something we successfully did last June.

In the meantime we are talking to the property manager to find other STR's in the area so we can support a fair market STR rent. 

Not the cash flow play a lot of people expect. 

Better play it safe and use a warranty deed instead.Also, later on when you sell your property, it will keep the chain of title cleaner for the next title insurance.Last but not least, a warranty deed does not cost more than a quit claim deed...

When managing multiple applications, it’s crucial to ensure your process is both fair and compliant with local, state, and federal housing laws, including the Fair Housing Act.A best practice to avoid any perception of bias or confusion is to process and work on one application at a time.

Sometimes the best investment is found in a 'transitioning' market that is just outside the 'great' market and is in play to be the next great one. 

If first time home buyers are having a difficult time coming up with the funds for even the costs to play as a first time home buyer then are the non profits supposed to pay the buyers agent commission too? 

You can identify good cash flow opportunities on a fairly large scale.