This give maximum flexibility depending on your income, one time events and tax policy to adapt your withdrawal strategy according.I will tell you how i am dealing with the $1.5m question. 

If your insurance company finds out about it, they could cancel your policy and refuse to cover a claim, even if it's a valid one.

I'm now just paying about $1k for my taxes and insurance (including super expensive earthquake and umbrella liability policy) which are essentially my living expenses.

@Russell CazeaultIf you are seeking legal protection, I assume specifically against being sued, have you considered purchasing an insurance policy for it?

I converted my property from a three-family to a four and am now having to get a commercial insurance policy instead of regular homeowners -- it's not a big deal, but it is annoying.

Not everyone offers it but if it is in the policy, it shouldn't be a problem to claim it.

Just got 2 units turned over during a pandemic and will now gross $400 a month over my PITI.

The activities of wife with respect to the rental properties included, among other things, cleaning common areas, collecting coins from washing machines, performing repairs at the properties, communicating with tenants, collecting and depositing rent, maintaining insurance policies, purchasing materials for the properties, as needed, paying bills and keeping books and records for tax accounting purposes.

I thought it was a typo for PITI.  

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.