It also allows the manager to work directly with the insurance company to resolve issues efficiently.In Texas, this is part of the standard Texas Board of Realtors Property Management Agreement and is considered an industry best practice.

He's a leader in the property management industry.

We are building a place with HELOCs then after it is built we will finance it and pay off our HELOC, at least thats our plan. 

I started by building a 12-door portfolio using the BRRRR method and self-managing initially.

Go straight into focusing on creative finance, subject to, and minimal cash down deals and build from there.I want to hear your thoughts on what direction to take here if you were in my shoes given these constraints (full time job and a few thousand saved) and you want to optimize for passive income first, then value appreciation?

The liability coverage is way better, the building coverage is often better, and commercial policies typically cover loss of business income as well, which a homeowners policy isn't going to help you with.California + wildfire area + STR is super tough. 

In addition to STR'ing the main house, he is building 2 more units (ADUs) on the back side of the property.

Here is a link to all 3 forms you will need: https://www.biggerpockets.com/files/user/ventekrealty/wholesaler-documentsIDEALLY, BUILD A CASH BUYER’S LISTIt’s always best to build a cash buyer’s list BEFORE you start putting properties under contract.

Quote from @Mark Sullivan: Quote from @Tim Delaney: One missing piece of info here is how much cash you have available to invest at the moment.My initial thought was sell LLC B and hopefully you have a few hundred thousand available on top of that to buy the new building.

(Insert some sincere rapport-building compliments or questions here - about their yard or dog or whatever.)