I can borrow against the money in the houses, but the money locked up in the CA houses can be making significantly better money elsewhere, ideally without greatly increasing my exposure to risk.

Like Princess Pauhi’s Bishop estate, my purpose in life is to use our real estate investment wealth machine to transform the Inner City.Here are the details of where our cash flow proceeds will go:Give inner city kids exposure to new cultures and ideasGive inner city kids the opportunity back through volunteeringHelp inner city kids in expanding their financial mindset Reduce minority reliance on government social programs through real estate entrepreneurship.Here is what we will do with the proceeds earned by this non-profit.Milestone #1.

It must be listed on the policy and the premium can reflect the additional exposure to risk.

Massive exposure for your income property.  

@Kourtney Post if you currently do not have a FHA loan on your existing primary the option Larry pointed out is a very good one.Also be cautious your probably under capitalized to be buying a rental... the house hack works because your payment to live goes down.what happens when your tenant does 5k in damage and you use half or more of whatever liquidity you have to stablize and re rent.. this is reality some get very lucky but if your buying lower end rentals that cash flow cash flow in lower end comes with added risk and exposure to tenant damage

I suspect the reason Timothy Daniels told you you would have more exposure AFTER meeting someone face to face is because once you have met them, you can no longer deny knowledge of some of those more obvious physical traits that you would never learn about if you did a thorough pre-screen and weeded them out early without meeting. 

On the liability side, this becomes a professional liability policy for a PM, not an owner's liability policy or owner's risk exposure. 

The tenant had taped over the unit to prevent mold exposure to herself and baby, and expressed her concern to the handyman to please use extreme caution when removing the unit, she even gave him garbage bags to bag it, because didn't want mold in the air.  

You take on more liability exposure driving your car than you do with a single family dwelling being rented!

This is good & bad, it's good because the exposure is so high, but it's bad because it seems like people are replying to every rental that they see, whether they are really interested or not.