If the landlord is sued for something totally unrelated to the property, your insurance would be required to defend them as they have liability coverage under your policy.I suspect that it sounds like there would be no harm in being listed as an Additional Insured over an Additional Interest.

If I ever were to change the pet policy, I would wait until the tenant was there for at least six months, so I could inspect his/her cleaning habits.  

I wouldn't eject this guy.If it were mine, I'd offer him the "Better" apartment at (for instance) a $50 a month upcharge, if you want no cats, make that part of the counter offer.Overnight guest that got out of hand, seems like a drama situation, in other word none of my business, as long as the renter can eject him I would not take any action (for a couple of weeks)--no harm being done.So why keep him--why not--he creates a turn either way, and long term...the "friend" will not be there...Secret cats..

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Unfortunately, I spend way too much and would need $3M in equity to return far better than 6% to support my spending habits (for better of worse).I am not attempting to be critical as much as enlighten readers who are not doing the math to what the numbers indicate. 

You should be forming habits that reduce your expenses, and growing your savings should become easier.

Doesn't seem like a harmful change unless you take pride in calling yourself a lord. 

What are some daily/weekly habits or routines you follow when searching for deals?

But for one, he never had that inspection on the house after he bought it so that is negligence on his part, by putting myself and my fiancé in a home that is not fit and habitable and by human rights and the landlord tenant act, to be living in which made me very very sick, which makes this considered not a safe or livable home.       

The PG county website has the following language: "Basements or portions of basements shall not be used for bedrooms or as a habitable space unless authorized by the Enforcement Division of the Department of Permitting, Inspections and Enforcement."