@Hitanshu ShahDon’t expect to recover losses—it’s usually not worth the time or cost.

The state laws (do not quote me) appear to not let these companies increase rates (or its not easy) to pick up the losses.

We were not able to recover any yard damages due to other damages they had left that needed repair, which empted out their security deposit.

Oakland has some ambitious plans to improve the city, and as rate improves, I firmly believe certain parts of Oakland will recover faster than others.

They should ONLY include properties of the same size (sq ftg), and within a short distance form this property.Lastly, your profit comes after you recover your cash you put in. 

Learn the eviction procedure for your area, perhaps contact a lawyer in the field to help you with this one, and get the fraudster you're currently housing out on the sidewalk to sleep in a cardboard box where they belong.You're going to lose plenty of money here, but this will never happen to you again, and you can minimize your losses if you move as quickly as possible.

This negative position can consume years of cash flow to recover.

Taking the loss now is preferable to paying out monthly for the privilege of being a landlord.

Their ability to recover their money should you default is much lower in this position.

The way I interpret the following policy clause is that so long as the property is defined as other than "VACANT" which is the case when the property is being "constructed, altered or repaired", the 30-day time period and vacant status does not apply in this instance: We do not insure any loss at your premises if your dwelling has been vacant for more than 30 consecutive days immediately before the loss and the declaration page indicates an occupancy other than “VACANT“.