Any recommendations for Umbrella insurance providers for each partner to cover any liability?

Your maximum allowable offer. 

Being that rates are up it's another way to offer exatly what you mentioned; the chance to own for a couple hundred bucks more than renting.Thoughts?

I'm planning to put in my first offer on my first rental on a SFH in Kansas City in the next day or two.$140k offer8% interest rate20% down8% management fee5% vacancy5% maintenance 5% cap exI haven't gotten insurance costs yet but it's been suggested that I plan for $2k per year. 

@Ana Escudero Property insurance renewals have been challenging the past few years, but there’s some stability with carriers heading into 2025.

As a side note, FDIC insurance protects depositor money, not debt.

(gross rents $4900; 8% PM; mortgage+insur+taxes = $3600/mo).

I know there are hundreds (thousands probably) of lenders out there that offer a DSCR product.

Offering a rent-free period helps the seller stabilize, but what happens if they still can't afford rent when the time comes?

Some people will say, "Take out a quality Insurance Policy and you will be protected."