I can't really help with any rental advice since this ($600K SFR) space is way outside my competence and, really, comprehension. 

Maybe the answer is right there in a policy the board created.I also recommend getting in touch with your personal insurance company (contents and alterations coverage), which I assume you have, even if you didn't mention it.  

The post from @Brian Eastman provides a comprehensive response.

You probably also need coverage for the Operations.  

If we were writing coverage for someone with Knob & Tube wiring we would have use an Excess (aka Surplus) Lines Insurer.  

I don't know what the coverage of the policy is but I will add in some more to the numbers, thanks.In regards to capex and repairs, the building is in great condition.

@Patrick Philip can you expand on the specific coverage your HML is requiring?  

@Neil GoldmanA standard landlord policy on each property, with the maximum amount of liability coverage (should be at least $500k, some providers will go higher).  

I am looking for comprehensive training from one source.

From a financing perspective a key metric the bank will look at is the Debt Service Coverage Ratio (DSCR).