Umbrella coverage is merely additional GL coverage that's only relevant if you exhaust your GL limit coverage.

Definitely agree that this region is under-served on BiggerPockets — happy to explore how local permitting and engineering factors could support additional pipeline deals here. lets hop on the phone and chat later this week I am in the mountains of Utah fishing right now.. later this week will work though

The additional inspection is modest and I never mind another set of eyes on potential liability and problems.

really hard to know unless you provide additional details.

I recently converted a detached garage to a separate dwelling (ADU) that had its own permit and CO, and took action going in to make sure that it got considered both separately and in addition to the main house on the same lot.

Construction lenders customarily only release funds for completed work and usually want to see permits in addition to completed work to make draws.

You might also consider how each option affects your long-term strategy, does refinancing the first property give you more flexibility to buy additional properties later, or does acquiring a second property now better position you for future appreciation?

Are the bathroom spa additions worth my investment?

Luckily we always build in a contingency, but we like to have that left at the end . . . at least we have that expense addition covered.  

Funding & Structure:What’s the best way to secure additional funding beyond my partner’s $35k, like hard money, or private money?