Your question to liability coverage is so green that any insurance agent can answer it, you need to equip yourself more knowledge to understand your own policy, insurance agents will pass on the liability to you aka read all your paperwork before signing, and if it hits the fan, they will tell you that it is not covered by the policy.

Lori Greene how is your service different then Zillow, Redfin etc?

They are the nicest older couple, which these tenants are taking advantage of - not paying rent for a year already, they trashed the property, not opening the door when the owner comes over, ran the property down to unsanitary condition where packs of green flies accumulated and are flying around theirs and neighbors properties (we never used to have those before!)

With a $1MM dollar budget, you're going to be hard-pressed to find anything more than 1bd (or small 2bd) in Williamsburg, Greenpoint, Dumbo, Brooklyn Heights, Cobble Hill, Fort Greene, Boerum Hill and Park Slope.

Immediately evict these grifters stop waiting around hoping and crossing your fingers !

A lot of times having 2 sources to cross check your data can help. 

I'm doing the analysis for my first apartment complex - fingers crossed!

It's disgusting.I recommend you read "Long Distance Real Estate Investing" by David Greene in the Biggerpockets bookstore.

Alternatively, if I sold it today at its currently inflated value (probably no less than 430K), that would make it unlikely to ever be available for rent given the monthly cost at that point would probably be more than $3,000, which is considerably more than comparable rents in this neighborhood.Anyway, I'm not renting it out right this minute, so I suppose I'll cross that bridge later. 

Check out @David Greene's book on the BRRRR method as well as @Matt Faircloth's book on raising private capital for more background/details.