If you do things by the book, provide habitable housing and insure yourself you should be fine.

I also know great people for home insurance policies, a great loan officer etc.  

Currently renting out the old primary residence at $1800/month with a cashflow (after mortgage, insurance, taxes, vacancy, maintenance, cap ex, etc.) of over $500/month; with the other two investments each pulling in between $250-350 a month.I also decided to make tennis my "full-time" job and pursue real estate more heavily as my career.

Expenses: holding costs such as utilities, taxes, insurance, lawn, snowCity fees - permits, potential fines and assessmentsLending fees if anyI would get an attorney involved and write up a partnership agreement that you're both ok with.

This was really the worst possible sort of storm as far as insured losses.  

The exemption you choose will determine: a) the financial qualifications of your investors, b) whether you can advertise or if you can only offer the opportunity to people with whom you have established a substantive pre-existing relationship, and c) what kind of risk disclosure document, if any, you need to provide.

This rent covered all expenses on the 15 year mortgage, insurance, and HOA fees with small profit that got eaten up on paper by LLC expenses, depreciation, PM and accounting fees, etc.  

I have sold insurance to many of Federico clients and he always seams to find them great deals.

Find a lender/broker who is very familiar with these loans and you should be fine.You do not have to pay the fee if you are a: Veteran receiving VA compensation for a service-connected disability, ORVeteran who would be entitled to receive compensation for a service-connected disability if you did not receive retirement or active duty pay, ORSurviving spouse of a Veteran who died in service or from a service-connected disabilitysource: https://www.benefits.va.gov/homeloans/purchaseco_l...Source for how much your funding fee  will be:  https://www.benefits.va.gov/homeloans/documents/do...Curious as to why you are exempt from property taxes.

My question is do I need a more extensive of insurance policy with people staying on our property.