Hoping like many to become a real estate investor over time, but for the moment I had a question which I'm having a lot of trouble figuring out:What would be the best / most appropriate insurance configuration in this situation:- My wife is the title holder for a single family home- She does not live at the home - Her parents live at the home, rent free- Her brother pays the mortgage on the home and he plans to rent out two rooms in the house to long term tenants (strangers)- Her parents will continue to live in the rest of the home, rent free (this is fine, just putting it here in case it affects the insurance)- My wife and I are able to visit the home at any time and do so regularly to see her parentsAll I want to make sure is that we (my wife) are covered from all angles on insurance.

Bible says a lot of things about debt: Proverbs 6:1-5: My son, if you have put up security for your neighbor, if you have struck hands in pledge with a stranger, if you have been trapped by the words of your lips, ensnared by the words of your mouth, then do this, my son, to free yourself, for you have fallen into your neighbor’s hands: Go, humble yourself, and press your plea with your neighbor. 

If they show up without the dog (Rocky the dog doesn't like strangers......or whatever excuse) then that is part of the screening process and if you end up finding a "better qualified" tenant then that is their loss.I actually don't care what their credit score is or income is because I know the housing authority is covering 70-100% of their rent.

If you just pick the first one in the phone book or a Google search, or based on the recommendation of some stranger on the interwebs, then you're likely to have a bad experience and see no value.

First off, there are no stupid questions.Second, if you ask 100 strangers for an opinion, expect to get 100 different answers.I'm not a fan of personal debt.

That is also why I don't let strangers in my house with my family. 

since the investors don't live in the neighborhood they don't have to live with the issues so they don't care.I'm also an str owner who been on the receiving end of resentment over the coming and going of strangers in a neighborhood.  

Even stranger, when we went to dig the footers for the addition we found hundreds of animal skeletons (sacrifices)  Needless to say, I couldn't wait to get that job done and get out of there.  

Putting strangers together invites a different set of headaches that you may not be ready for.

Dorms are set up for "strangers" per se, a house is difficult to get away from people you don't like.