Personally I've got $2.1 million liquid.

Typically, start an LLC, get licensed through the state if required, obtain a million-dollar insurance plan (don't skip insurance!)

It is a “known fact” that insurance company’s offer low rates (even below cost) to attract customers and then raise the rates until they hit a customer’s pain point. 

I was 25 and my wife was 23 when we had our first baby.We fell for the “American Dream” and bought a single family home.Oops.Terrible mistake.Yes we have equity in the home but we could have equity AND cash flow.We should have bought a multi and then used our cash flow to buy ANOTHER multi.From there generate enough cash flow to pay for the LUXURY of a single family.Supplemental income is a very beautiful thing.Is it pretty and attractive in the beginning years of marriage and children to live in a multi?

That means advertising short lease terms will attract people who don't plan to live there long.

May want to consider a multi-million dollar umbrella policy that will cover this type operation on your property.

If the total portfolio is over a few million and they’re within a couple miles of each other there could be some cool loan options out there for you.

But I do personally own 100% of 14 million in real estate.

In 2019 Zillow lost $400 Million flipping homes, in 2020 they lost $100 million, in 2021 they lost over $500 million.

My guess is overall this is going to look less attractive adding in more of those expenses.