They claim it is a triplex (two regular units and an "efficiency unit".

How would an umbrella policy protect against a security deposit related claim?

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Based on your experience, would you agree with that claim?

I manage 400 rentals and the most significant claim ever filed was a kitchen fire that cost $20,000.

For govvy loans, the Due on Sale clause will be available to your note holder - having an LLC take title to the deed (most commonly via a quit claim) will expose you to this clause.

They claim they raise all the capital but are unable to do so. 

In addition to a voucher, we require that the tenant be able to show income at least 1.5 time the monthly rent, as opposed to our regular tenants who must show 3.5 time monthly rent.

He was able to talk to the sister who has conveyed this information and is claiming to talk to her sister tomorrow. 

Transcribing transactions from bank statements, posting transactions to the correct accounts, and then manually creating an income statement, statement of owner's equity and a balance sheet is a fairly time consuming process and I have not been able to keep up with the book keeping between my regular work responsibilities.What accounting software do people recommend?