Quote from @Alex Tang: One of my rentals was heavily damaged by a fire after Thanksgiving. 

On the disclosure form, the seller had indicated “no” to any known damages.

For context I am a full time lender and understand DTI and have very good credit. 

Usually the numbers don't work to build in these neighborhoods, unless government tax credits, etc.Do you see the problem with your two statements:"The turnover costs could/will be high"and"How much more damage could they do?"

(normally recommended, especially if you are a landlord)- Water Backup: For water damage due to the backup of Sewers or Drains.- Personal Articles: Coverage for belongings that have a special or collectors valuesuch as Jewelry, Furs, Fine Arts, Collectibles, etc...Your age should not be a factor on the pricing but, depending on the company these other factors may get you credits:- Insurance Score (company pulls certain info out of your credit report).

Tax credit 45L for a 90 unit or 112 unit project? 

You could also charge a damage deposit, though there are pros and cons to this.

@Ryan Vienneau I'm a Buildium customer too, and it blows my mind they don't have credit card tracking in 2017.

Quote from @Carlyn Chism:I agree with Chris on a lender that might be a scam or make you may so much money interest because of the low credit score that you make $1.00 on the flip or no money.  

@Donald Hatter We send the information to a collection agency who attempts to recover the money; after they make several attempts they place it on their credit report.