What happens if one of your tenants has a slip and fall, on your property, or something else happens to them?

I actually had a delayed financing application fall through bc I was applying for the refi in my name, but the house was purchased with funds in my partnership's bank account.Alternatively, you may be interested in another creative strategy for doing a cash out refi without waiting 6 months, described here Hope this helps!

I hope this falls under the category of just asking for advice. 

So there's a very wide variety of loan products falling under the broad "portfolio loan" definition.

We are pretty empty from late fall to spring for the most part.

.- Parents are highly responsible and never fall behind on payments2.

I had a 24-unit fall into my lap when a seller responded to a letter when I was looking for quads.

I just don’t want to let a good deal fall through because I’m temporarily out of work.

Think of it this way: the liability policy is in place to protect you from your tenants (ie. slips trips falls, dog bite, etc); the umbrella policy will most likely be used to protect your properties from you (ie. you are at fault in a car wreck, damages in an unrelated business, etc).  

Don't fall for it.