Hopefully the security deposit is enough to minimize your loss.

They find housing on own that can be covered by insurance if home uninhabitable and it is due to covered loss. 

The bigger the renovation, the more equity you will force but also comes with more risk. 

Hello Bigger Pockets! 

.- Rental loss - PadSplit claims they collect 97% of rents, but I've spoken to a few hosts who have said that a much larger % of their tenants get kicked out owing $500 or more in back rent that is rarely ever collected - what's your experience been here?

Risks become less worrisome the bigger your emergency fund.

Good to hear... i'm factoring in an 8% vacancy rate in my per forma, hopefully will accommodate any loss expected .

Normally, they negotiate with the company and advise you on the loss. 

I've been reading a few books on Bigger Pockets.

(I have a special needs trust for my son so have dealt with the complexities.)My bigger concern would not be your liability exposure but doing something that could potentially endanger the support benefits your brother is entitled to.