Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.

First two deals were cash, we were running business out of the locations and had the opprotunity to buy.. no brainer :)

He is no longer responsible for insurance, maintenance, or dealing with the realities of renters. 

No facility at this time.

There's no doubt you'll find success over time!

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

So there is no PM fee for them to expense correct? 

So no leasing agent, no maintenance. 

Also, check to see if you can find lenders with low or no closing costs.Curious—what’s the partnership you’re looking at?

@Alec Jacobs I have basic low/no fee business checking accounts.