I've been reading about landlord insurance to cover liabilities and damages.

So we are actually in need of 2 leases, i want one for the SFR that covers specific items like the tenants responsibility to maintain the landscaping, and one for the Townhome that covers things like "abide by the HOA rules or you are violating the lease". these are relatively minor differences but very important. so my question is........should i look to buy the package from BP and go to a lawyer to tweak that lease?

It all started by listening to Joshua Dorkin's and Brandon Turner's advice; set up a profile, upload a picture and introduce yourself to the BP Community.I look forward to the next steps ahead: analyzing properties, viewing properties, further networking and speaking with the first private investor I have in mind.TL;DR   ****Newbies, start interacting with the community, the value you might find could change your career and life.

You got it pretty much covered

The pet friendly buildings are dumps.Having remediate pet units I would recommend collecting a hell of a lot more than $25 a month.Nice pictures

You are going to make mistakes and you want to have enough of a cushion to be covered.

When you finish your rehab, please re-post new after work pictures.  

There is a promissory note, and a Deed of Trust for the transaction, and if you look up the property in county tax records, she is the owner and his name isn't reflected anywhere.She owes a minimal amount on this home, and if a tornado or fire takes it down, she understands she is not covered, and theory still owes him for the balance, even though he also understands he'll never see that money.What would you do? 

My understanding is that I'll be able to get a tax break on 60% of the cost at the end of the year.I also assume that it's best to pay for the repair out of the rental business account if I can, but I'm not really sure:Since my renters are just moving in, they haven't paid enough into the business account to cover 60% of the roof repair. 

I pour all positive cashflow back into the heloc as my W2 covers all living expenses.