The specific assistance organization, the screening of the tenant, the property, and the PM company that should be communicating with the tenant all play a role in the success of your investment in regards to tenants.

We have an insurance policy on the rental house (through State Farm), that includes a personal liability section, which is essentially equal to our current net worth.Given that a tenant could sue for more than this if an accident occurred, we are thinking about adding either LLC or an umbrella policy (or both) as extra protection.Any advice on which way to go, and if LLC, any recommendations for a law firm or company the Indianapolis area?

I use the Rent Redi software to manage my tenants, so everything is done electronically.

My retirement system doesn't allow for me to roll anything over given that I'm still employed with the company and also under 59.5 years old.

Anything beyond that is going to take some blocking and tackling (reaching out directly to local companies like solar farms, construction, medical staffing agencies, etc.).

Through my studies, I met my current employer, who owns a construction company where I serve as the Sales Director.

.- Additionally, you can track income and expenses consistently using software or spreadsheets.If you track everything, you could show a loss and use that to offset other earned income (such as a W2) which will net you a bigger refund.

And I think a lot of companies will realize that productivity is generally higher in cooler climates.

The software doesn't provide that level of granular detail that can mean the difference between 2k and 3k a month. 

I work for a property management company in Milwaukee, a very hot rental market currently.