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@Mike Grudzien Happy to help on an DSCR and we also help train brokers in this program so they can speak on & guide better on it, Great product to have.

We have an insurance policy on the rental house (through State Farm), that includes a personal liability section, which is essentially equal to our current net worth.Given that a tenant could sue for more than this if an accident occurred, we are thinking about adding either LLC or an umbrella policy (or both) as extra protection.Any advice on which way to go, and if LLC, any recommendations for a law firm or company the Indianapolis area?

I completely agree with that and there is a way to phrase it when you are not trolling by saying, hey I own a CRM company and am honestly looking for feedback to make the product better (and then do not send DMs).

I am curious if anyone has had any success using this product.  

Something has to get better in that market as the regulations are too confining and essentially up to interpretation by the city explore you engage with.

Essentially though you need to go off-market.

It’s standard practice and an essential safeguard for landlords.Trust your instincts and treat this as a non-negotiable policy.

Then connect with some hard money lenders (you can find some here on BP as well as some who are typing this right now) and connect with them to understand their product type, what they like to lend on and requirements.Hard money broker is all numbers game of making relationships and helping those that are looking for financing, it starts out slow but if you get with a few good borrowers and lenders it can be pretty decent money to be made.As an example we paid six figures last year to HM brokers. 

Theyre great products for self employed borrowers who will not qualify for traditional loans, but there's a premium for that convenience.