Also if he has his own liability insurance, my home is insured what added benefit does getting me added as additionally insured provide? 

For new money going into MF in 2024, there is the possibility to benefit from the financial distress of forced sellers by purchasing good assets in growing markets below the cost of replacement and holding until a fortuitous time to sell, while harvesting ongoing dividends.  2023 and 2024 have been a wakeup call that the operating team must have a long-term hold plan that allows them to hold the property profitably until selling at an advantageous time of their choosing. 

HELOC stands for HOME equity line of credit.

Until you get past 30-40 units quicken is still overkill for $50/year with updates/bank & credit card syncing.

One of the resident's writes to us;"You need to consider a credit or money refund for March rental payment.

Leave it.You should understand the long term cost/benefit of every improvement you make in an LTR.

I have excellent credit, cash flow on both properties and am a bit stumped.

How much credit should I ask from the seller

Saving three to six months' worth of living costs can give financial stability in the event of an unexpected expense or emergency.If you have high-interest debt (such as credit card debt), prioritize paying it off as soon as feasible.

Have to start somewhere and get some benefits then start scaling!