I also just get a strong umbrella policy.  

Many of our guests are from Canada, so we get dinged extra for the foreign transactions.HOA = $477/ month = $1988/yr (Cable TV and Internet included)Utilities = $5,724 (Electric, Water and Sewer)Supplies = $580 (New Towels, new beach chairs, extra bedding, other small items)Taxes = $2,060 (Maui actually has lower property taxes than you would think)Insurance = $301/ yr (HOA covers insurance, we added liability and umbrella)Hope these numbers give you an idea of what to expect.

But the market is awesome right now, so don’t forget to carry an umbrella.

Turnkey teams all work together (the seller, the rehabber, the PM, the whoever) under one umbrella so their motivation to do everything properly is going to be higher, because if they (one team member) flunks out, the whole thing is a flunk.

If that does happen and rents are stagnet as much of the 80s were, you're in a negative cash flow.Yes, a well structured blanket loan has many advantages, so does an umbrella insurance policy.

Also, make sure you protect all your net worth or equity with an umbrella insurance plan (very inexpensive for peace of mind) too.That fear will melt away!!

I also have 500,000 per property of liability plus an umbrella policy.  

That’s with 300/300k limits, the umbrella kicks in above that.

LLC is not lawsuit proof, and umbrella insurance may offer the protections you seek.

They ALWAYS have hot women, hot cars, water (a swimming pool or the ocean), a mansion, and tall drinks with umbrellas in their infomercials.