Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

Tyler,Due to the property no longer being a primary residence (both units are rented) the best terms on a cashout refi will be 75% LTV.

Quote from @Jimmy Chao: I am weighing some options to help my younger brother buying his first primary with a fixer.

Other factors as well of course: DTI, the LTV, primary residence vs investment property, etc.

For the son to qualify for the $250k exclusion, I believe he would most likely need to meet the ownership and use test, meaning he needs to own and live in the home as his primary residence for at least two of the last five years before the sale.

In this case my plan is to use a HELOC on my primary residence to purchase the property in Puerto Rico.

I have landlord policies for my rental properties in TX and AL states, but I am not able to get an umbrella policy form my current insurance company, because I do not have car insurance and primary residence in US, as I am not a resident in US.

Short term rental permits are only granted to owners who will be renting their primary residence.

Typically repairs are something they would coordinate with tenants - did they inspect the unit, indicate they would be the primary POC going forward, etc.? 

When you look them up make sure the owner isn't a LLC and that there primary address is not the same as the property you where looking at.