Named insured, additional insured, additional interest, and the like, have totally different meanings and coverages and are unacceptable.One issue is how to determine the value.

Currently, we are leasing the property, generating a net profit of $380 per month and living in Missouri.We are contemplating the decision to sell this property and potentially gain $239-278K payment to buy additional investment properties in Missouri given the rising rental rates in the area, we anticipate increasing our rent and potentially securing a net monthly profit of $780 (annual$9,360).While we acknowledge a monthly profit, our concern stems from the apprehension that the property might not fetch as high a price in the next five years or that our HOA fees and taxes could escalate.Given this situation, what course of action would you recommend?

I would say $500,000 for a SFH or duplex, I think is reasonable if I were to spend it on an appreciating city/state (e.g.

In addition to the roof, does anyone have any suggestions on light rehab ideas that could bring the value of without disturbing the tenant too much? 

If so, what additional precautions did you take?

One thing I learned on this property is the power of using Equity from other deals to cross collateralize and buy additional properties.

I think I moved too slow, although I was using that time to flip properties in Denver to build up additional capital.  

For now, spend all of your spare time in the forums, and listen to every podcast. 

This is probably your best bet with the banks, but requires additional thought on your part to figure out what works.

If you don't know how much you can spend then you don't know your limitations and can waste a lot of time.