Lots of good information here -- just remember that during last housing crash, a lot of HELOCS got frozen, useless to those who counted on them or actually harmful to those who had a big balance and had to keep paying it monthly without getting to use it as they planned. 

If that happens, it'll actually create more harm than good in the long-term. 

Funny but at least there is some substance, and some will actually learn from that topic. 

I would also require the tenant to have the parents sign a liability waiver that also adds you on there as well stating that if the child is doing something that could harm themselves, that you are not held liable.

It's more harmful than good, the level of benefit is networking.

Person harmed already filed lis pendens - they have to prove the case then get judgement then lien the property but the filing holds up refinancing or selling. 

You won’t own yours long enough if it’s a flip to have continued service but the last thing you want is to sell it and then the new owners suddenly have a roach infestation and they trash your reputation all over social media harming your ability to sell your next projects for top dollar.

You are coming from a negotiation point of weakness to a holdout who is like indifferent to your situation and unlikely that your sales skills will convince him to sign, especially if he’s isolated and has substance abuse issues.

You can also go to: Tools >> File Place and download the spreadsheets others have generously uploaded.Either way, I would follow Tyler's advice and start networking/walking properties. 99% of the gurus are marketing hype with little to no actual substance or operational experience. 

This would deal with issues of bankruptcy/dissolution would the substance of the operating agreement call to access those numbers returning capital back to the partners if applicable.