This is even more important if you plan to work multiple fix-&-flips at a time.Errors and Omissions is important to protect you when you fail to manage your LLC professionally. 

We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

And not sure what state she is in but in Texas a homestead is protected. 

Another thing you could do to protect yourself some is request an larger security deposit.

The EMD of course is to protect the wholesaler and is used as a means to filter out those who can perform and close on the deal vs those that are not able to perform.Hope this helps!

You invest your IRA in real estate because you believe you can better protect and grow the IRA with real estate than other investments.The structure you have been introduced to is a "checkbook IRA", where the IRA owns an LLC that you can control.  

The best thing you can do to protect yourself is to have the basement tested for mold by a company that does only mold testing and not an abatement company.At the same time, you can send your tenant a letter warning them that they will be liable for mold testing if no harmful mold is found and you will pay for testing if any harmful mold is found.The very next thing we do is; send your tenant a certified letter telling them that if they suspect their health is at risk for any reason that relates to their rental unit then your tenant should not reside in your unit for one more minute and should move to a place they feel is safe because you will not assume liability for exacerbating their health issues, if any health issue in regards to mold exists.At this stage, all communications must be in writing and well-thought before communicating.Your situation has happened to us several times and we had a tenant who lived in a brand new unit for only 10 days and he told us he was vomiting and had nose bleeds that resulted from mold.

Should I get liability insurance in order to protect myself if any incident would occur.

Aside from the risk of the due on sale clause, for any property that does not have its mortgage under the LLC, the asset protection might be questionable as this might be a form of co-mingling.

The heloc is my primary source of investing money so i am trying to protect it from getting frozen.