He's at the casino, or whatever (it's all 100% the same to an underwriter), THIS VERY MOMENT, with the money he wants to use to buy this home, and you want me to approve this?

I wonder whether there is any regional preference as to which  insurance company to go with and whether your agent have to be from the same locale.

Lotta folks seeing very good money to move to the region.

I know my personal umbrella has a specific limit on the number of residential properties I can own (defining residential as 1-4 units), so an apartment would not fit there...also, with that scale (25 units) you have the amount of traffic, people, guests, etc , so the llc appears prudent, but I hear you on the simple notion of it being in your name with the commercial umbrella (however, I think this would then invalidate your personal umbrella unit limit if you tilt the apts back In your name)...on the duplexes and two single families, I think a great landlord policy (with all the bells  and whistles) topped with an umbrella (even 5 million is pretty affordable with the firm I use, called RLI...no interest in the product FYI)...That allows easy tapping of the equity. also, much may depend on the risk you see with those small rentals and what feels right for you (and your property portfolio shows you have great instincts)..I like your use of professional services and you may have done this, but perhaps have your policies and situation examined again by the best insurance law expert in your region or state (I would look for 20 plus years, av rated, a person the major entities and large insurers use in your area)...

The property was close to a regional medical center and nurses tend to get flown in to provide extra help and she also managed her own mobile homes through airbnb.

Here's a few of the good ones:- Traveling physicians, nurses, and healthcare researchers- Visiting educators and professors- Families of individuals undergoing medical procedures or extended recovery- Government contractors- Military personnel and their familiesAnd that's just to name a few.If you're willing to put in a small amount of additional effort in reaching out to the HR department at a regional medical center nearby, the admissions office of a local university or a local teaching hospital, and other research facilities, etc., you may find that you'll be in like flint.  

If it is a good neighborhood and you have the funds to do it central air or  minisplit units heat/ac are the way to go providing your region needs AC. 

If I were in your shoes, I would find a way to diversify beyond Indianapolis, into at least 2 other regions of the country, by partnering.

You're an Out of Region investor and technology is avail to keep up to date of your property. 

They are like prepackaged buttery deals of ROI goodness, love'm.I have some on the edge of hell, and others in middle/upper class regions in norther Virginia.