Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

., We were over a decade without insurance, and when I refinanced and insurance was needed, I had no trouble getting insurance in place.  

Offered 3k in holding and moved quickly What was the outcome?

I 100% endorse adding in the escrows for taxes and insurance to set the buyer/borrower up for success. 

Does anyone else do it like this and who do you use for liability insurance?

Nice…You can’t offer less for a property full of fire rubble (lead and asbestos?)

Any recommendations for Umbrella insurance providers for each partner to cover any liability?

This would apply to your unit.Your biggest concern with setting the rent should be the near future. 1) Your insurance is guaranteed to go up, probably dramatically.  2) You may get an insurance assessment bill to cover the CA Fair Plan losses.

@Ana Escudero Property insurance renewals have been challenging the past few years, but there’s some stability with carriers heading into 2025.