As the time goes on, states are becoming more strict with  those regulations due to the fact that so many of the wholesalers DO NOT understand the business. 

Louis instead of over here in Chicago where our landlord laws are quite strict. 

If you're going the umbrella insurance route, perhaps see if it will cover you for several things including just the routine slip and fall (like mold or earthquake).

You also have to setup a routine that drives toward your goals on a regular basis.

Ideally, I'd like to run a strictly mid-term rental operation, though I'm open to short-term if it make sense given the regulations here.

However, if some carrier is providing this type of coverage, then they better have very strict limitations on the coverage so claims don't get out of hand, or they probably won't be in business very long.

The parties acknowledge and agree that neither party shall have any liability or obligation to the other with respect to the matters set forth herein unless and until a definitive PSA has been executed and delivered by both parties.ConfidentialityThe parties agree that all information exchanged pursuant to this LOI and the negotiation of the PSA shall be kept strictly confidential and shall not be disclosed to any third party, except as may be required by law or as necessary to obtain third-party consents and approvals.We trust that the terms outlined in this LOI are acceptable and look forward to your favorable response.

In response to strictly the bold, BTRs are what I think make a massive rent increase.

But the truth is that property management companies routinely mark up repair invoices to cover their staff cost fro managing the repair.

We want to invest in RE for CF but after some research found that CA isn't the best state for CF and have strict tenant laws.