I decided to post my thoughts in the “Starting Out” category hoping to get your attention knowing there are service providers waiting in the wings ready to take advantage of your unfounded beliefs and further upsell you through scare tactics.

If you trust the provider and coverage is adequate - take it and run. 

They dive deeper into niche services by providing in-depth analysis from a high-level and experienced point of view.I see your biggest obstacles as a lack of experience and background as investors and the perception that these are services your wife should already be offering as the licensed agent.Given those obstacles, what differentiates your service? 

I couldn't have predicted this nine months ago, but I'm smart enough to predict things like this will happen eventually and I plan accordingly. also highly dependent on class of asset.. where in the country it is. and tenant base your renting to.. your mileage may or will vary depending on these variables.

Where I live, the Landlord has to provide at least three comparable rentals to justify the rent rate. 

I simply need a location, and I can provide a report comparing it to surrounding areas and determine whether it has a better or worse chance of appreciating compared to said areas.

.#3  Just based on what you post here I don't think you would qualify.https://www.landlordstudio.com/blog/real-estate-professional...but I guess it depends on how much of your time will be spent on real estate activities. 

please share any info on insurance companies that provide umbrella insurance for liability protection .

You do not need to have a license to manage an apartment community.Property management can then be broken down into "annual" property management (normally a unit without furniture), a seasonal rental management (such as 2 weeks to several months up to 6 months) and then vacation rentals (sometimes for the weekend, a week, etc..).Each state has its different rules and licensing for each area of property management (annual, seasonal and vacation) as well as the different areas of management (association, apartment and property).I hope that helps.My understanding is that if you are an EMPLOYEE of the property owner you do not need to have a license; if you provide property management services as your management co owned business or as an independent contractor, then you do need a license.  

It's hard to provide much guidance without a T3 NOI or Proforma NOI.