Or most recently, when we bought into a 26-unit southside Chicago property that had false rent statements, squatters, and on-the-corner drug dealing happening. 

Apparently an unstable individual can hold your rental business completely hostage by making false accusations. 

It's completely false. 

You are going to blow a lot of money for a false sense of security that a good insurance policy can protect you from and save you thousandsThe LLc is the most overused and money waster used on single family rentals.

People give false references and you need to vet the reference to make sure you're talking to the real landlord. 3.

That is absurd.

Not saying any of your statements are false but providing some balance- are markets at all time highest percent cash flow negative?

The cost of stuff today is absurd, especially since we only use licensed and insured vendors who don't require deposits upfront for work. 

I guess I falsely assumed most PM's wouldn't manage it that way.

I don't manage properties so I don't have any incentive to give false information.