It can be simple or complex just depends on what the client wants. 

Quote from @Jose Ramirez: I wonder if anyone can give me your feedback on umbrella insurance State Farm called me and told me that I should open a umbrella policy for my rental properties Most umbrella policies don’t cover business pursuits, nor losses from having too low damage coverage.

I may also need to take out a small loan/line of credit to complete the house, depending on how far my money stretches. 

@Nathan G. is 100% right, but we'll add that it depends on the Class of the rental and corresponding tenants.The better the class, the more you can "bend" your requirements. 

Dependings widely based on where your starting, I would say anywhere from 1k to 10k per year.

I will pay cash or put them on a credit card, depending where I am in my funding and build cycle. 

Link isn't working, but I was able to find it here: I was just sharing notes with someone else on these forums about things I look for with syndications, and while there is a lot to look at, the first one is: is this an asset class and business plan you want to invest in.  

It all depends on what strategy you want to follow.

Business groups for face-to-face meetings ?

And you have no risk of evictions and, depending on your management company, you get most of your damages covered even.So I'm wondering if maybe investors just need to see the actual proformas and what these numbers look like with some basic assumptions (i.e. annual rent increases, annual appreciation) to really hit home how good these numbers truly are.