The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

But within that 5 year period if rates go up its not like your banker can call you in and say hey we need to raise that rate, your locked in for your term.So in summary, you are not putting yourself out there to end up with a 15% rate, there are many terms within the loan to protect you. 

Welcome to BP and to real estate investing.Real estate is an amazing machine for building wealth, and can be used for protecting wealth, insulating from risk and gaining tax benefits, throughout the years.

Or is it an attempt to protect IRA owners from themselves by preventing them from taking larger "risks" on private equity?

Most of them are written on a “personal” policy to where it’s in your name and then we name the LLC as an additional named insured in the policy to protect the LLC for liability as well as the property.

We do that as a "Utility Offset" in order to protect our owners from extremely high utility bills when there are more than the normal guest count.Hot tubs can be incredibly valuable!

In lieu of huge down payments that only protect one side I would suggest buying a US Treasury.

I could go work for the bigger players (CBRE, JLL, Walker Dunlop, NKF, etc.), but my family cannot relocate to a big city.I know the business with regards to structuring the capital stack, how investors/developers look at deals, how lenders look at deals, and I can underwrite CRE investments.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

Personal Injury Protection\But there are others that may also apply in your situation.Your umbrella would normally require that you have underlying Liability coverage of a certain amount.