So your saying select No Damage Protection and just submit an extra charge when it's warranted? 

Learn to control your spending and pay off debt.

Don't spend 20k+ rewiring a whole house that is insanely expensive. 

It's not only the money you'll lose, it's the time you spend (I figure worth $100 hr) and the mental anguish and stress.

Option B who cares don't spend your time vetting deals for a premium put it in a CD or index fund and go make more money.  

And does Congress approve this spending?

If she is getting close enough to thinking that there will be an income disparity, she will stop at nothing to compel my husband to provide income documentation.All finances are joint except for the rental, which I keep rents for in a separate checking account and track spending for.

Also any tips for automating this as much as possible and how to protect the property financially and property management would be appreciated.I ALMOST understand the rental arbitrage strategy if building a company scaling with say 30 + units and looking for high short term cash flow.  

A lot of people spend their time doing this, but it's not a good use of time because it can not teach you anything relevant without seeing each one in person.

Urban Development land swaps are often used as a strategy to: - Consolidate public land holdings - Acquire important natural or recreational areas - Facilitate development while ensuring community benefitsLand swaps can provide several benefits to communities: - Preservation of open spaces and environmentally sensitive areas - Creation of new public parks or recreational facilities - Protection of wildlife habitats and corridors - Improved land management efficiencyI searched for some Urban examples for reference: 1.