also wonder what happened next. unfortunately, I will be in the same boat soon.

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. 

Unfortunately, I'm in the same boat with properties in Lafourche, Terrebonne, & St.

units you're in that boat, but for anyone out there, keep your head up.

Let’s break it down and explore how you might approach this idea, the challenges you could face, and ways to structure a deal that could work for both you and the landlord.Why the Landlord Might Be Open to SellingThey’ve moved out of state for health reasons and don’t have family nearby anymore, which might reduce their emotional attachment to the property.The idea of simplifying their life and pursuing something like sailing around the world suggests they could be open to letting go of the property if it helps them achieve their goals.With significant equity or potentially owning the property outright, selling could provide them with a substantial cash windfall to fund their future plans.However, their belongings on the property could signal hesitation to let go or simply a logistical barrier they haven’t addressed yet.

@Brian King If/when you're ready for a small MF, would something like this "float your boat", https://www.realtor.com/realestateandhomes-detail/1710-Liber...?

Following this as I have my license as well in a similar boat.

We are in a similar boat, however I have not yet found a solution for less than $5K even for above the ground.

Keep in mind if there are economic shifts that you are seeing, so is everyone else, so you may have missed the boat.   

My suggestion would be to cap your utilities at a certain amount and have Tenants pay anything over that amount.That will help you manage your expenses, and also allow Tenants to gage their usage each month, and make adjustments if they don't want to go over the allotted amount.As far as collection, provide the bill showing any overages and just have them pay for it along with their rent.