If I'm renting a property that has a Homeowner's policy, what are the implications and exposures there? 

As of right now, I'm trying to get my start with wholesaling just so I can begin learning the business and have a little exposure.

@Bruce Woodruff A lot of carriers are leaving California because of increased regulations and fire exposure makes it hard to be profitable for them.

Then again, I'm also pretty risk averse when it comes to opening myself up for legal exposure.  

I'm looking to maximize the exposure and market position of this home, but at the same time looking to keep commission paid to a minimum.

I would simply give a platform to get exposure for someone's deal and use my base of customers to connect the two together. 

Focus on what is important to you and your goals, and take on as much as you can, because the more you do in real estate, the more you will learn and experience you will gain, while furthering your exposure and networking capabilities.

If you are collecting great rent, maybe you save yourself the 4k in closing costs and pay yourself back (save) before doing the next deal.I have a business partner so we cash out as much as possible to reduce our liability exposure (The less money we have in the property, the less someone could potentially sue for) and so we can keep as much money available for growing our business as we can.

Exposure wise, you are much safer with this technique.  

You would get more exposure with a posting there.