The offerings vary, but generally it provides a landlord with $100,000 of coverage from their tenants (or tenants guests) accidents or negligence that causes a loss to your asset. 

@Sharlene Mulchandani, thank you for your recommendation, that would be a good way of mitigating potential “deserters” from the room mates and loss of rent payments

@Andy NathanIn my opinion , managing the repair and maintenance costs can mean the difference between being profitable long term versus breaking even or even having losses.

Minimal repairs, etc.

I wonder if it just makes more sense to find good buy/hold cashflow multi-unit properties.Does anyone out there have any advice to maximize the use of my capital/passion, while minimizing the use of my time/energy? 

@Ahmed EliasBefore hiring anyone, I would first make an appointment with the planning department in the jurisdiction the property is in.I would make sure the planning department, building department, and zoning department will all sign off on your plan.Once this is done you will have a clear idea of what is going to be expected of you to get your place rebuilt and running.After this you can then plan and start speaking to engineers, general contractors and such.Doing this prior will be all for loss of the local government regulators say you can't do it.Just something for you to consider.

Minimizing risk from day one is huge.

Overall I think you want to minimize risks/rewards.   

I didn't lock in my losses in the stock market.

If not, we ought to watch out for more loan losses and delinquencies.