Furthermore, you also have to take your risk tolerance into picture.

As long as you’re not a sucker for sob stories or tolerate late rent — never rent to friends — you should be good to go.

Wonder if I have an insurance policy written in the name of Gold LLC, but the owner listed on the deed is Paul?

For the compensation, once we define the time value of the work, we also address the risk tolerance for the investment. 

In fact you can have the end buyer pay for title policy (often called pass-thru).

I currently have a zero-balance HELOC on it.

There are a couple of ways you can hedge this, the first one is via an umbrella policy by your insurance company (you can get one that covers all of the assets), two the fact there is a mortgage means that you do not own the asset free and clear and have only limited equity so if some tries to sue you it may not be worth it.   

After about a year I implemented the program tenant cloud which reduced the calls to almost zero because my tenants can now pay online, sign their lease on line and submit maintenance request online.  

What can you tolerate or not?

Also, save up money; buying and renovating real estate with zero cash is nearly impossible to do.