I use Quicken Rental Property Manager and have found it quite adequate.

With the old corroded iron pipes and low pressure, getting adequate water in a second floor can be a challenge.

Adequate insurance coverage is easier, less risk, easier to finance in the future and will protect as well as a LLC for a small investor.Insurance and keeping equity to a bare minimum will protect your assets.

Between CBIZ and Proper we should have adequate coverage.

what $ amount range of renters insurance would be adequate.

When 2-3 years are up and you feel you have adequate equity for the HELOC, go ahead and get the next place, but with a twist.

Those that do respond will try to find a loophole to decline your  claim like not doing adequate annual maintenance on your HVAC.

Most builder's lenders cannot do these and mostly effect self-employed folks who can't show adequate income on their tax returns. 

If you choose to go this route, you'll just want to ensure you have adequate insurance coverages.  

Reporting is pretty limited but adequate for basic needs.