Hello,My name is LeoOne of my investor friend has an issue with his rental property (2 story townhome with HOA)What was happened to him and the unit is1) the drain pipe on 2nd floor bathroom was broken2) water leaked in the 1st floor ceiling and walls3) in contractors opinion, this problem was caused by just normal wear and tear (already 40 year building)4) Those pipes are not shared wish other units (service the unit only) and HOA won't do anything or take care of it. 5) it will take 1-2 months for everything to be fixed up6) Tenant will need to evacuate to a hotel or shelter I have two questions,#1 In this case, whose insurance should cover the fee of tenant's hotel while the damages are fixed up? 

I think it’s a flat 300$ doc fee.

You have a leak to repair with some cosmetic repair to the lower unit, and your insurance is doubling.

Big things always happen when you are on vacation, that is a rule of the universe.Below is a picture of a water leak in one of my mobile home parks this last weekend.

Have major water leak and need suggestions for reputable independent contractor in north Dallas, Texas area.

Sometimes the sellers may or may not have that readily available or may only provide it for those under contract since usually there is paperwork around that that requires certain investment docs to be provided. 

Or one of my favorites... the tenant reports the roof is leaking.

Folks if you have condo in upper unit with water heater please check its condition, make sure it's not rusty and/or has potential for leaking.

This is cut-and-paste from our doc request packet...PREPARE YOUR ENTITY DOCUMENTS: The great thing about investor loans is that once we have the basic documents from the borrower, we simply need to make sure they are current and updated periodically.

But, make sure you speak with someone who does before giving up on full doc.