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?

Essentially giving them 30 days to vacate (assuming you can do that in your area).

I would lean into a cash out refi.

Get a handful together to start, so you have some cash to initiate the class action.

it doesn’t really matter.In my experience, cash flow will never make you rich.  

I agree, start local and see if you can find anything that cash flows in your area—it's always easier to manage something close by when you're just starting out.

Without this, it’s tough to calculate a realistic cash-on-cash return or DSCR (Debt Service Coverage Ratio).Condition of the Property: Are there any deferred maintenance or capital expenditures needed in the short term?

I know they’re an essential tool for analyzing a property’s financial performance, but I want to ensure I’m approaching them correctly.Could anyone share examples of what a good T-12 looks like or highlight key items I should make sure are always included?

If you have any questions feel free to send me a message and I'd be more than happy to help you get connected with some of these other essential people as well. 

Essentially a syndication....