Does renters insurance cover something like this?  

Our property has cash flow and according to the many bigger pockets podcasts I’ve listened to you shouldn’t just pocket all cash flow but set aside a percentage to cover reserves, CAPEX, vacancies etc.

Hey @Joseph Chacko vellukunnel,I think @William Kwong covered some great points especially with the financing aspect.

As I mentioned above, the risk of being sued, found guilty, and fined more than your insurance will cover is almost non-existent. 

I wanted to cover my why and what first to give a good picture of where I'm at current state, with a background and what I'm looking for below.My why: I recently got married and moved from San Diego to Scottsdale this year.

I wonder how involved would I still have to be if I hired representation?

Her retirement income would be used to cover the mortgage.I hope this gives you an idea of my plan.

@Paw Nouri Maybe in your area they will cover damages but not in Maryland.

Set your standards up front.Raise the rent to the market max and the difference will cover the deposit in 12 months or so.

Your insurance may also not cover you or your tenants.