Another good idea is to only get 500k liability and a umbrella policy over all properties for 2m or so.

Do you purchase 1 umbrella policy that covers all your properties?

As @Allen Duan mentioned, construction workers can be really, really hard on your property - both indoors and outdoors.

You could go the umbrella insurance route, but that would still leave you open to personal judgment in the case of an extreme situation. 

The property has some nice things going for it like the pool and club house, balcony and outdoor sitting area and the quiet location.

Job opportunities contribute to a stable rental market and can attract tenants.Quality of Life: The city offers a high quality of life with cultural amenities, outdoor activities, and a vibrant community.

I manage 5 doors and 4 LLCs under one umbrella company. 

A big downside to Rutland is that it is isolated, the closest interstate is an hour to the East that you must take 35-50 mph roads to get there through small towns. 45 minutes to the West is Lake George area which is a hot spot for shopping and outdoor fun things to do since a lot of NYC people visit the area.Crime isn't an issue where I am living but certain parts downtown does have more crime relative to the rest of Vermont.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

In particular, remove all bushes around the outdoor HVAC condenser unit...they'll get overgrown, restrict airflow to the condenser, deposit debris into the condenser, and ultimately make it less efficient.2.