I personally like the exit plan options and alternate job creating industries of college/mid sized towns as long as the regulatory environment is favorable. 

We are preapproved and ready to get going but need to explore our options and get as much good advice as possible. 

It may be worth speaking with a different lawyer or financial advisor to get a second opinion and weigh the pros and cons of each option before making a decision.

I initially selected an option that does not seem to apply and have not been able to make a change.

For this situation you would have handled differently your option but the reality is you can be held accountable as a guest even if you are ignorant, nothing to do with law.  

Alternatively, I could maybe outsource just the liability component and still save a ton on premiums.10k deductibles are not usually an option.

For MF properties in Bremen, you will most likely have to do a multi approach to sourcing the right deal: market to off market properties to see if they’re interested, watch the MLS, and look for properties that have enough land and zoning will allow an additional dwelling unit (ADU) like garage apartment or tiny house 

If you have a lot of equity you have options.

Could be an option for you there in SD...

Some banks offer better options versus lenders and credit unions.