A lot depends on your entry price and instant equity. 

It depends what your goal is.

It will likely depend on where you are looking. 

So I’ve read that unbrella insurance providers require you to use them for car and home.

The $1,500 net cash flow you mentioned represents a tightened rental return that could provide consistent passive income.

You can get a HELOC if there is equity in the property most likely, which there should be since you own it in cash, but you will just be decreasing your pay out and then may end up short in repair money, depending on how much it is worth.

JakeIt depends on the lender and type of loan.

Collecting rents is an art and a science.What you should depends on where they are with their late rents.

However, you can file Form 8832 (Entity Classification Election) to change the LLC’s status to a disregarded entity, provided you act promptly.If you don’t make the election, you’ll need to file Form 1065 by March 15, 2025, adding complexity but retaining the same tax benefits, such as deductions for depreciation and repairs.

In return for excellent service I'll be offering repeat business and I'll happily provide referrals to my existing investor network for those top performers.