I'm in a similar boat of searching for my first hack.

Of course, its up to the OP to decide what is right for her.Part of the problem is an Umbrella is probably the most misunderstood policy in the forums.  9 times out of 10 non-insurance people will post an interpretation that is incorrect.Investors use/need an Umbrella to simply have Liability limits higher than what their General Liability policy can provide (max is usually $1M) over their rentals.If you had a contracting business, that Umbrella can extend higher limits over your commercial Auto, Work Comp, business locations, your product liability, etc.A Personal Umbrella can go over your Home, Auto, rentals, Boat, recreational, etc. 

The current state of affairs will drive BOAT loads of people to look for ways to pair down their expenses.

I'm in your same boat - looking for out of state for investment opportunities while living in CA.

I have lots of clients in the same boat- just getting started and trying to make the best possible choices as they move forward.

I am in the same boat as @Cody Taylor Coppola.

You can use the money to do anything, buy another property, buy a boat (not recommending that), get plastic surgery so you look like bugs bunny.

Good morning everyone,I'm in the same boat as Luca.

After some digging looks like Lending Home is in the same boat with a smaller service area. 

If he likes to fish, and you find out that he wants to use the down payment money to buy a boat, you can offer him a used fishing boat and get credit for that as a down payment.