-Caused 13K worth of damage-Caused me trouble at my W9-Trashed the house-Owes me 9k in rent-Filed bogus criminal charges on me, absolute lies-Stole ALL of my appliances upon eviction-And there is more

This is especially true if the property requires significant upkeep or if the heirs live far away.Owners of Distressed PropertiesSellers who own homes in poor condition and can't afford the necessary repairs may prefer to sell as-is rather than invest time and money into renovations.Landlords with Problematic TenantsLandlords who have been dealing with problematic tenants, frequent vacancies, or costly property damage might want to offload the property quickly to cut their losses and avoid further hassles.Owners Facing Major Life ChangesSignificant life changes, such as health issues, retirement, or downsizing, can motivate people to sell their property quickly.

What made us stop is when we had a Section 8 resident that did some damage in their unit. 

I just had one of my tenants set one of my houses on fire, major damage but not a total loss.

Whereas the neighbor's insurance company or the neighbor may be found responsible for paying future damages caused by their trees.I have a rental house with two neighbors large trees overhanging on both the side fence and also the rear fence encroaching toward my newly re-screened pool cage.

Then I'm left with a damaged property and have to spend so much money on repairs, then look for another tenant who will probably do the same thing.On the other hand I have properties in B grade neighborhoods with an ROI of 14% where I never hear from the tenant and their rent is never a day late.

I had a house with a garage full of termite damage that was found.

The roof and the floors were not huge costs to us the buyer, as the seller filed an insurance claim for water damage just prior to our offer closing.

Also, to clarify an LLC shields the assets within that LLC from inside and outside liability, whereas an umbrella policy only pays damages once you've already been (personally) found liable (if you have the investment property in your personal name). 

I doubt the heat is enough to damage a fan.