I currently live just outside Boston, MA, so out-of-state investing feels like the right path for me.Since I’m just starting out and looking to supplement my W-2 income, I’m focusing on cash-flowing markets and strategies.

Umbrella polices have the benefit of coverage beyond the property. 

You could get an umbrella that provides additional coverage beyond your landlord policy, or you could remove liability from the landlord policy and get a commercial general liability policy.

@Albaraa AlbasiriCarrying $1 million in liability coverage is really the best protection.

we are beginning big renovations on our home. we moved everything out about a month agoearlier this week I was told that we need a different type of coverage when the house is vacanttwo days ago, the contractor went over to discover a whole punched in the roof from a fallen tree limbwhat should I do?

Have you thought of a Hybrid Approach by refinancing partially not max cash-out to free some capital, then supplement with DSCR loans plus your cash to acquire properties. 

Talk to a commercial agent to get property & liability coverage in place; business coverages too if you are an owner/operator. 

Standard insurers may offer coverage, but you may need to pursue specialized policies or a state-assisted plan if you face rejection. 

The HSS Program dates back to July 2022, when Minnesota became the first state in the country to offer Medicaid coverage for Housing Stabilization Services.

I would base your choice on which carrier has the best coverage in your area or at the specific property location(s).