., but an overlooked point is the NOI or net operating income and DCR or debt coverage ratio the building produces? 

I suggest an umbrella coverage because it is the most dummy proof and because if I ever get sued I will have a heavy weight in my corner (the insurance company). 

Wells has great coverage Nationally.

Check out NREIG or talk to an insurance broker to find the right deal and coverages.

That combined with the lifestyle play you referenced also, could be really good. 3/4 coverage on expenses and the opportunity to enjoy the mountains yourself doesn’t seem like too bad of a deal!

Also some advice on reasonable coverage amounts.For now I just went with my current provider and used the numbers they suggested but the premium is bit higher than I, and my Realtor, expected. 

Third, your property insurance should have coverage for "unlawful sale" if you do end up on the wrong side of a judgement.

In other words, try to avoid having a lapse in coverage. 

Having said that, there are still some great options out there which may be able to help you keep everything in one place (listing the property to 10+ major rental listing sites, managing listing responses + scheduling viewing times, tenant screening w/ a fully comprehensive application, digital lease creation, online rent collection, and maintenance request tracking).

I’m looking at insurance and trying to figure out how much coverage and what kind of coverage I need.