That's typically the first layer of protection before you'd be required to make a claim on your policy.

There is much to learn in all the layers. 

Certainly layers to your scenario but there may not be a solution based on what you have stated.  

It's not recommended that you exceed 2 layers.

Both realtors and wholesalers play vital roles in the real estate ecosystem, and finding pathways to synergy could redefine market dynamics in positive, progressive ways.https://www.linkedin.com/pulse/why-do-realtors-like-wholesalers-ben-lovro

If you are not acting in a negligent way, you do have a layer of protection (though not total protection by any means).

:)now, here's something... when we bought our house 13 yrs ago i knew nothing about remodeling. so when taking the wall paper off on one wall, 4 layers of wallpaper came off and some of the plaster. had no idea how to patch it, so we bought a bhear texture paint in a can that you apply with a special roller. and then we painted on top, so the bumps are smooth.so now, we have one accent wall in the house that's texture and everyone that walks in thinks it looks like art because we added some shapes that do not have the texture. even plasterers have commented on stealing that technique.. :)

It can be risky and if you yourself get into a situation where you have a loss of income, having a HELOC can be a saving grace whereas ifyou pull from it for a home and then cannot make the payment they will not allow you to draw on it.For me, all about risk and risk tolerance, - which doing this for me adds a significant layer of risk.

And "good tenant" is sort of a multi-layered concept.  

I think you should be cautious to outsource things as a newbie without understanding how it works, what the nuances are etc because essentially you should know your business before you outsource things...doesn’t mean you have to be an expert but knowing it is vital.