If you fix a light socket wrong and the house burns down you might be held liable, but if you hire an electrician they could go after LLC but not you personally This is why I use multiple LLCs and own little in my own name.  

One visit from a handyman every other month burn this up won't it?

If I follow that, there is a big difference between some burned out rat hole and an owner occupied property that is marketable as is.

My next burning question is...how come I can't get names to highlight when I put @ in front of their name?!

(You could also say he had $50,000 worth of medical bills, or a burning desire for a new BMW, or whatever.

He was the handyman I refer to in this blog: I Burned My House To The Ground.

This posed several new challenges that not only added costs but in the end burned out good crews fed up with foreclosure grade work. 

There are many people who miss out on a LOT of deals because of the bridges they have burned.

I'm betting that some SoCal landlords/homeowners will get burned--or should I say flooded--come El Niño, finding themselves in a bind they don't have the cash on-hand to get out of, and may be willing to part with their properties quickly to a ready cash buyer...or maybe I'm just dreaming.  

You will also want a policy that has business income protection, which means if the entire building were to burn down your loss of income would be replaced during the rebuilding and re-renting process.