Account Closed a PMC has two options to get liability insurance (tenant slip & fall) protection:1) Get added to owner's policy as Additionally Insured (NOT named insured).2) Setup a master commercial policy and add every property they manage to it and then charge those owners the cost of the policy.Otherwise, a PMC CANNOT get liability coverage on a property they have no ownership interest in.So, nothing wrong with their request.

There are a lot of options out there.Some of the most useful items BiggerPockets members have identified are features that save time so they can spend time working on their next property.

I think we have the option of taking out a heloc  and begin to invest elsewhere.The other idea , that I was thinking is paying off our primary residence which we owe 425k.

Hi Daniel, I would definitely keep your options open in terms of finding the right accountant that could be of great assistance. 

In option 2, your costs are $25k higher.

If you're open to expanding your options, you may want to check the Columbus OH market. 

When I have some free time, I'll research other options that won't cost a fortune for the small guy.

Sounds to me option 1 will be best though.   

To leverage the equity for financing my next deal, a second mortgage seems like a more cost-effective option.

I can help you with financing options and help you analyze deals.