Otherwise I could see exposure to personal liability.  

It was an amazing learning opportunity, as this was my first education and exposure to all aspects of real estate, from the acquisitions to different holding/exit strategies. 

@Don Scott passive investing is a great way to achieve diversification in an investment portfolio and achieve exposure to real estate without having to do all of the work.That said, it doesn't mean that there is no work involved.

#1 About General Liability coverage: When we speak of liability coverage on an investment property the concerning exposure is premises liability.

post it up on the MLS for a one time fee (On my flip properties I paid that one time MLS fee and saved 3% by eliminating the listing agent) the MLS will get you max exposure bidding wars which would maximize your profit in comparing to just selling to a group of buyers in a buyers list.

@Christopher AndersonI have a lot of exposure to the Southern California STR market, and my best piece of advice is to be very aware of the regulatory pressure and momentum happening in Southern California.We are under attack from the hotel lobby funding NIMBY neighborhood groups everywhere.

If maybe they will fix the work if any exposure is needed.

The second pillar is a good insurance policy as that cover the majority of your exposure.

The benefit, if you can call it that, would probably be acute asset exposure for the Seller.

 @Chris Luksha,As a seller, MLS gets you the widest exposure because EVERYone looks there - buyers, agents, investors, even other sellers are looking for similar listings both sold and unsold.As a buyer, however, that may or may not be a positive.