If this isn't a separate dwelling unit you can't take losses from the rooms / space you are renting and use them to offset non-passive income (Section 280A of the tax code)Rental expenses are limited to the amount of your rental income and the balance of rental expenses is carried forward. 

You may need to just focus on getting the other properties stabilized to cover the loss from these. 

This means you can often have positive cash flow from your property while reporting lower taxable income, or even a loss, thanks to depreciation.So, while your cash flow might be strong, your taxable income could be significantly lower due to these non-cash deductions. 

Newcomers are treated like rookies, and they'll face unnecessary delays just because no one knows them.

However, the losses will be limited.

If so you probably have a loss.

For self-managing landlords, what are some of your favorite practices and policies to mitgate your fears and and potential losses around pets?

I'd be happiest being quite an active investor and property manager.Of course, given my wife's job there's a also a huge incentive for me to qualify for real estate professional tax status and (if I'm reading things right) maximize our paper losses.

Tenant’s vehicleor other possessions will occupy the parking space entirely at the risk of the Tenant.Tenant releases Landlord from any loss, damage, claim or injury resulting from anycasualty.”Should the tenant or I have additional insurance for a Garage Storage unit?

The taxable income from the LLC passes through to your personal tax return via a IRS Schedule K-1 and you include the income / loss on your personal return.