(perhaps for the cleaning fee)While he does not deserve it after the malicious review, he did go through quite an ordeal while I suffered no loss of revenue.

Michael Smith from Brooklyn...Builder's Risk Insurance is "coverage that protects you and/or your organization's insurable interest in materials, fixtures and/or equipment being used in the construction or renovation of a building or structure should those items sustain physical loss or damage from a covered act or cause  of loss."

Real estate is extremely rewarding, but the rewards it offers are directly related to the errors market actors make (all investing is zero sum, if you are winning someone is on the other side).

They said that they were not trying to be malicious. we advised them of the dryer vent and AC maintenance and how those were additional cost to us and that we were going to have to now create an addendum to address the violations ( they were so busy rebutting me ; I'm not sure they got my point... the notice will clear it up.)

@Kiran Alisam  I could write a book on it... well that reminds me I didsend me a PM and I will send it to you... non biased nothing to sell info I did for Australians who were buying 5 to 7 years ago and running into some very bad actors over here and over there

. $200 excess per claim, and covers the Landlord against Malicious Damage & Rent Default.

You can probably google it, but from memory I will cover the key aspects:1% of units, but Mission Beach is excluded from the QuotaGood actors have priority. 

Lots of these bad actors are results of low expectations.

But what you have right now is this irrational desire to BRRRR and those that are attracted to it tend to be newer investors with limited capital and want to get started and scale fast so they want to use their cash replenish and repeat.. this opens up huge opportunities for those folks who understand the mind set to step into that niche and some of them are just not good actors .. its pretty much daily you see a post now.. about don't work with this guy don't work with that guy.. and the one thing that ties them together is generally out of area investors trying to do 50k rehabs for 20k because the wholesaler told them that's what it would cost.. and come to find out its does not work.. and or the contractors are terrible and or flat out steal the money.  

These situations are always tricky as you may have a suitable candidate but the income is off and he may be genuinely compensating for it without a malicious intent.