I'm also sharing a more comprehensive approach to finding capital and building an investor base if you are thinking long term which you should be.  

That is roughly the coverage we have and no pool or trampoline either. 

Besides, umbrella policies are cheap so I would recommend just getting one.Investopedia's definition of an umbrella policy:An umbrella insurance policy is extra liability insurance coverage that goes beyond the limits of the insured's home, auto or watercraft insurance.

I always have coverage if I'm away.

I think it's a good idea to get one as it is more comprehensive than the appraisal.

A common exclusion to coverage is renting to more than 2 roomers/boarders.

It is another turn-key RE investment firm and they seem to have a pretty broad national coverage.

Also, the amount for the dwelling coverage is about what I paid for the place 2 years ago.

This said and though not as comprehensive or reliable as a CMA, you may find sold comp data at www.findcompsnow.com, www.freshcomps.com and others.All the best!

Also, thanks in advance for reading all this...Asking: $195,900 (obviously I try to get it for less, but I start with this price and see where I am)Rents: $600 - $650/m per unit (estimated)Taxes: $2,210/y (2016)Insurance: $2,000/y (estimated)Maintenance: 10% = $240/mCap ex: 10% = $240/mManagement: 10% = $240/mVacancy: 5% = $120/mMortgage: 30 years at 5% with 25% down = $790/mMoney borrowed from a HELOC = 20k = payment $100/mSo...Gross Scheduled Income = $2400/m ($28,800/y)Expenses = $14,290 (tax + ins + maint + cap ex + mgt + vacancy)Net Operating Income: $14,510 (GSI - Expenses)Debt Coverage Ratio = 1.9 ((GSI - tax - ins - mgt - vacancy) / debt service)Debt Service = $9,480/y + $1,200/y (HELOC)Net Income = $3,830/y OR $319/m which is $79.75 per unitHow does this look?