Adding your property manager as an additional insured means they will be listed on your insurance policy as a named insured.

There are opportunities out there but some strategies are risky. 1 - Airbnb (STR) comes to mind - very competitive, very saturated and becoming highly regulated.2 - Most STRs are transitioning to MTR so that market will be saturated soon if it isn't already.3 - Insurance crisis in florida is getting bad so those costs will eat up cashflow and short term appreciation.

I have home owners insurance should i buy another landlords policy as well?

., We were over a decade without insurance, and when I refinanced and insurance was needed, I had no trouble getting insurance in place.  

Back then, the market was more stable, interest rates were below 4.5%, and distressed properties sold at significant discounts.Today, distressed properties often sell at a premium, and cash-out refinance rates are above 8%.The best BRRRR deal I can find today involves buying a property with cash, investing in the rehab with cash, pulling out 75% of the ARV and breaking even on rent and mortgage.

Any recommendations for Umbrella insurance providers for each partner to cover any liability?

Guessing you are in the apprenticeship program => which is not stable enough to offset the 4 months.DSR might work with 20-25% down. 

@Ana Escudero Property insurance renewals have been challenging the past few years, but there’s some stability with carriers heading into 2025.

They are DESPERATE to find insurance and are striking out everywhere!!

So, I went hunting.Huntsville, Alabama, caught my attention because it’s a highly educated city with growing industries and a stable, diverse economy, as well as a really high quality of life compared to the surrounding areas.