I could buy a LOT of umbrella (additional liability) insurance for $13,000.

We were initially looking out of state for a potential move and or investment property just because the property taxes without being able to homestead, plus high cost of insurance, and harsh weather on homes made me feel like it might not be worth it.

Latest is prop 33.  3rd attempt to pass this with aids health foundation having spent mid $40m last I looked.  

If the permanent financing will allow you to recover most of your initial investment and the fair market rent covers the principal, interest taxes, and insurance with cash left over, you have a BRRRR.

On property number one, I would cash flow $750 a month after mortgage, taxes, and insurance if I also rent out the unit I live in.

I'm assuming you are arriving at your cash flow number by applying Gross income - cap ex, maintenance, utilities, vacancy, tax, insurance, mgt, landscape/snow & Debt service?

This allowed us to maximize revenue and occupancy more effectively.Safely Insurance: We also decided to use Safely Insurance, which provides comprehensive coverage for guest damages, liability, and protection beyond what Airbnb or Vrbo offer.

That's $1,600 per month plus to pay debt, plus at least $400 in taxes and insurance.

Generate reports to easily see how your properties are performing, all within a user-friendly interface.Peace of Mind with Banking: The FDIC-insured banking features with high-interest rates and physical debit cards are a huge bonus.

I would get the insurance in my trust name.