@Chad V.I use ARMs as well because of necessity and the increased cash flow.

That will trigger the necessity of a court confirmed sale and Order Confirming Sale.

A $1M umbrella IMHO is a necessity and just a forgone conclusion that a landlord should have.

There are risks associated with blankets, specifically exposure of all assets in the blanket, and necessity to release property in event you want to sell which could lead to unfavorable reappraisals...Having said this, your question is a risk/reward and strategy question.  

I do spend on necessities and do not shortcut.

I think a lot of people living in expensive markets on the west coast invest in OOS not by choice, but by necessity and that could be dangerous. the biggest problem I see with out of state is lack of control of the situation if the issues ever come up.

Whether it be just cleaning in between guests or handling everything from listing, decorating, handling the online necessities or finding the perfect Airbnb investment.

I'm currently in an odd position where I'm not having luck finding a job and am having to scramble to pay for little necessities and I hate the feeling that comes along with not being able to figure it out. 4.

I understand that if they can't afford an application, they probably can't afford basic necessities, but its a nice offering we were able to provide.

It is best to have separate utilities (but not necessity).