If that is the case, you may want to get a fat, not 1 or 2 but multi-mil, umbrella policy to save you some money instead of upgrading each of your properties' liability coverage.FYI, a while ago, numerous Bay Area restaurants were hit by lawsuit from a lawyer, https://www.cbsnews.com/sanfra... 

Are there additional income streams available you are not tapping (garage, laundry, storage, AirBnB)?

Hey all,My day job is as a listing agent for a brokerage of self storage on the East coast.

My employer acts as a broker, investor, and consultant on self storage facilities.

Reading your story was good motivation -- I'm at the point where I haven't bought anything, but am brokering self storage.

It's great to meet another person brokering deals and picking them up -- I work as an agent for a self storage broker in PA.

Self storage is an interesting beast unto itself.

We have been looking into SFR, multifamily buildings, self storage facilities, we are open to whatever will help us reach our goal. 

You also need to insure your contents in the unit, the loss use & loss of rents, and any other structures (detached garage or storage). 

What you can do is convert non livable space like carports, breezeways, storage areas, etc into livable space as long as you meet fire code (egress laws).