What do you mean you are paying $400 additional dollars more than what you are paying now?

I was interested in something like owning a rental property as a way to generate some additional income. 

Quote from @Zach Howard: Quote from @V.G Jason: Quote from @Zach Howard: @V.G JasonTo someone just starting out (only option of OOS) who can get access to 200k, but no additional financing at this time but an additional 50-100k max in reserve cash, where might you recommend they start - markets/property type/strategy?

I also make sure to specify in the lease agreement that I need proof of coverage before move-in and that the policy should name me as an “additional interested party.”

Most likely a "discount listing" Owner pays realtor a small amount upfront to add it to the MLS.

We rehabbed the entire property and added an additional bedroom to each of the units.

In addition, the company that they recommend we work with, Prime, helped me set up my companies and though I repeatedly asked them if there were any differences in how it was set up because I was a Canadian, I was told that the way they suggested I do it was the right way.

These are professionals with additional training and a stricter code of ethics.

An umbrella policy for additional liability. 

Regarding insurance adding additional umbrella insurance is great idea.