The 2 main reasons for increase were as follows:-Many carriers have moved out of Colorado or no longer offer coverage for HOA communities, so there’s a smaller pool of insurance companies to choose from.

Second, I pay for all utilities (Electric, Gas, Water, Yard Maintenance, Internet, etc.) and have it included in the rent price.

What would a water heater replacement cost for OOS investor?

In the United States we can pool resources with a number of investor and buy it together.

@Laura Casner Do you know how far it is to the water table?

If its bare dirt , it just needs to be raked flat , anybody can lay sod , that isnt the issue , its the 3 weeks after its been laid making sure its watered enough .  

Should I undergo water mitigation and mold remediation immediately prior to filing insurance?

Thats not surprising since there is no electricity or hot water.

I can see either a pool or a shuffleboard table in the background, and I imagine it is in a good-to-great location. 

I have had homes that were in good condition have roof damage from a hurricane and the owners walked away, water and mold pretty much destroyed the house.