I spent many years in the insurance business and have never heard of a policy application for an excess, or umbrella, policy to be denied because of a claim, especially a property damage claim.

Hey BP, I am deciding on business structures.

For me, a primary activity is something I can do that directly leads to business if not immediately then later.

,Bruce, holding a property for potential appreciation (i.e. not actively generating rental or business income) is a valid tax strategy. 

Not worth it for me, but I only have 3 dozen rentals and 4 business entities.Depends on what you have and what you're trying to do I guess.

Right now, I sit on about $60k reserves and operating expenses (I have other reserves for other business/life) and if that $60k dips down I let it fill back up, and as it starts creeping up I add to my "next purchase fund"- Yes, cash flow is lower and harder to find right now heading into 2024...but it's still out there.

Has anyone worked with one of these businesses or something similar? 

I plan on using a property management company in order to keep the property in order until I move (eventually I want to bring property managers under my own business entity to focus only on my properties). 

However, the issue I have is that I only have 1 year of solid income from the business, the year prior to that is inadequate, and I know most mortgage companies require 2 years of income to qualify.

You have become an insurance company, only you didn't get a just premium.The potential of rent forfeiture is part of the business in reserving a vacation home, and everyone knows this going in.