Any lender should be able to easily do a HELOC for you (provided your credit is OK), but a local credit union will likely give you the best deal. 

Just transferring your property to your LLC doesn't really provide much shielding. 

I personally benefited from this when I first started and now provide my signature to partnerships I am not as actively involved with.

While this guidance provides general steps, it’s not legal advice; an attorney will ensure the process aligns with your specific circumstances.This post does not create a CPA-Client relationship.

So that the tenant rent is providing a larger amount of return of capital. 

Many of these PM's have too much on their plate and are unable to provide you with consistent communication.

Here's an ideal PM contract: The two keys are: The PM is incentivized to make you money, not charge high fees, and is contractually bound to provide reporting that you can understand in a timely manner. 

(So therefore we wouldn’t have to pass on the cost of the repair to him ie. the tenant).Now, several months later, I contacted the contractor to ask if he would be to provide a price estimate for a different job at our house.

If I was the landlord here are the questions I would be asking - providing these so you could be prepared if they come up:1.

The property manager must make a profit, otherwise there is no incentive to provide the service.