When they start the place on fire, their dog bites someone, slips on ice or in my case, falls off a deck... the renter policy will help mitigate and in some cases prevent you from inquiring a loss record on your policy.

I like the idea of borrowing from your 401K to reduce the loan to get under the 75% LTV so you can refinance at a better overall rate. 

They reduced to 174,900.

A lot of people bought the Vegas deal because after announcing the 3 packages, you have a one on one with one of the mentors, you can negotiate the deal and they reduce the prize drastically.

I would however pour in some waterproofing sealant on the floor to prevent upwelling of moisture. 

As you know HML doesn't have such strict underwriting as a VA/conventional loan, so if Fredrick avoided that process altogether it would certainly prevent repeating that scenario again.

I think you are probably correct @Wayne Brooks I am actively looking, Unfortunately if we do need to move I will not be able to buy since my current 800,000 mortgage will prevent me from getting another one unless I sell or have at least 2 years rental income reported on my tax return.Thanks for your input.

If the home were heated with heating oil or propane , when prices spiked this winter , would you have reduced the rent?

I am looking at a potential REO in Indianapolis that has been reduced to a very low price because of an order to repair list.

I know that you can't prevent tenants from installing satellite TV, but can a landlord require a satellite TV company to remove the wire, and restore the holes?