If your taxable income is in excess of $157,501 if single and $315,000 if married filing joint, then I'd point you to a land conservation easement.

Is it worth it to get excess liability coverage to bridge the gap and then get umbrella?

I call BS.As a side note, in my corporate job, I have customers whose budgets are in excess of $100,000,000. annually.

You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-EZ for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.

I am brand new at this, but find that we have equity in our rental in excess of $150K due to crazy California markets (Lease is up in January 2022, year ONE of our property being rented out). 

@Brian Eastman - great point - thank you for clarifying...I work with investors that utilize self-directed ira investing for occasional flips, but their volume is not excessive.

All of these properties are owned free and clear and the overall value is in excess of 7 figures - how big of an umbrella policy is wise with this sort of scenario?  

HVAC is 7 years old.Main takeaways are:- Moisture and mold in the crawl space.

You could also have water sensors, either to detect excessive water usage (such as leaking supply line), or water on the floor (next to a water heater, or on a lower level, etc.).

I get the feeling that to get yields in excess of 10%, you have to (a) purchase cheaper more rundown SFHs or condos in lower income neighborhoods (b) have your properties spread out across large areas that are more difficult to manage - my properties are all within a 20 min. drive of my home and in most cases I have multiple condos in the same complex or (c) purchase properties that have a theoretical high-yield, but actually keeping them full year-round isn't very easy.Very interested in other people's thoughts….Are my impressions completely off-base?