Most rental insurance policies have a liability portion for that very reason, if you are found negligent. 

Closing on my HELOC next week, solid Banking, Realtor, Insurance and contracter leads established and looking forward to starting an exciting ride.

I'll be 60k invested after rehab and can sell the home for around 90k.I would prefer to live in the home and house hack to pay for taxes and insurance.

I’m in PA and private sales are permitted, I do however have a title insurance company facilitate the closing for us.Thanks

That can mean original plumbing that needs replacing, rubble foundations that are leaking water every time it rains, bad windows, 40 year old furnace, etc.

Obviously, if you are living in the property you are less likely to need a PM, but eventually you probably won't want to manage the property.4) Is the $112/month for insurance based on quotes you received?

So for a total of a monthly $350 additional mortgage payment, you eliminate: Oil payments, Gas payments, Electricity bills, Furnace maintenance, AC Maintenance, Chimneys sweeping, oil tanks, plumbing maintenance, etc. 

The house was denied wind insurance from the current insurer due to the condition of the roof.

Start with gross rents, then subtract vacancy, prop mngt, taxes, insurance, utilities, repairs, capital expeditures, etc.

My accountant told me I do not need to create all these entities just need to have good insurance for each rental.