However, the LAIC has the right to turn around and make sure that any costs paid by the LAIC that should have been handled by the property owner are reimbursed by the property owner—ultimately through the courts, if necessary."

Quote from @Brandon Croucier: 20% down is terrific on land.It’s a non income producing asset which has increased volatility, typically I see 65 LTV max on land as of late.Thank you Brandon!

So in my situation I have instant booking turned on and didn't have Damage Protection.

Two years ago I decided to turn up the fire and move things along. 

I have a close associate with a large project there and the local banks have turned off the spick-et on funding his developments and these are very large multi thousand acre deals.

The second-floor tenants stayed (they’ve been great tenants), but the third-floor tenants refused to pay the increase.Spring: Turnovers and Learning ExperiencesAs spring rolled around, I turned my attention to getting the garden unit rent-ready.

It turns out that nothing is more of a waste of time, energy, and money than this, money that could have been spent elsewhere.

We also do a property orientation and show them how to operate the house, change filters and batteries, turn off water main - and of course the mystery of GFCI outlets

If we are purchasing properties when the market is a highly appreciated seller’s market, we need to realize we may be in DUMB DEBT and should be prepared for the risk of suffering the consequences if and when the economy turns for the worst and goes into a recession as this will likely cause values to drop.

Turns out the developer didn't fix some underground pipe and it took years and lots of $$ for lawyer's fees to get things fixed.