These three tips revolve around three words.  

Then use 45%-50% of gross rents (GR) as your carry and maintenance costs (CAM).  

Most of our work revolves around budgeting and variance analysis, however we also do a lot of capital and operational modeling that draws heavily on the company's financial reporting.

So now my wife is compelling me to install a CCTV cam at our home.

Because dishonest people cam go in and reverse things months after the transaction.

The available credit on your open revolving credit accounts is too low.

My plan is to get a revolving line of credit on the rental property (70k) and then get a mortgage on the fixer upper which I'm living in (80-95k). 

@Cam Smith,The federal estate tax exemption is $5.25 million this year.

The issue revolving around ‘additionally insured’ is that the tenant will sue the PM and not the owner for any issues with the home even if those issues are inherently the owners obligations, this is primarily because the tenant deals 100% of the time with the PM and will usually say that the PM should have disclosed the issues to them — the PM on other hand won’t know of the issues if the owner has failed disclose them to the PM ... of course the PM will always be responsible for anything connected with any actions of their management and the PMs insurance will cover such... however... for instance: to repair a faulty staircase the PM needs the owner to fund the repairs and address the safety issue if the owner refuses and then the tenant is injured because of it and sues... 99% of the time they will sue the PM... sure the PM will likely be able to show they are not at fault to a judge however, a PMs insurance will NOT cover those costs since it does not afford the same protections as the owners rental dwelling policy because the PM is not the owner - no insurance will - only the property owners will do this.

It's essentially the same thing as a HELOC, but uses the assets in your brokerage account as collateral instead of a home.Some points to note:These types of loans are only available in managed brokerage accounts, so if your stocks/bonds/ETFs are in an eTrade account (or whatever), you'd need to move them first.These accounts typically require something like a $100k to $125k minimum asset value to approve a loan, so if you've got less than that it wont work.Most managed accounts cost a 1% annual management fee, so think of that as an extra 1% on top of the interest rate.These accounts typically let you borrow up to 75% of your equity, but due to market fluctuations, you should consider imposing your own, smaller limit.Interest rates are comparable to a HELOC, plus that extra 1% management fee, and like a HELOC, it's a revolving line of credit vs a fixed, monthly payment.