You will also discover the warranties don't cover as much as you think, and claims are often denied.Home warranties are so bad that most professional property managers will not manage a property with one in place.

The management company has replied that they don't coordinate with neighbors and just want me to cover the cost of all the repairs. 

Upon taking over the house again we found all our furniture ripped and broken from careless use and the side and back yard were covered with broken glass from hundreds of beer bottles being broken.

Allowing pets, including the dogs nobody wants (excluding pitbulls, unless your landlord policy specifically covers them), will give you access to qualified tenants that otherwise can't find places that allow them. 

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Another option is to rent it out and keep growing your equity while someone else covers the mortgage.

Ensure your projected cash flow covers expenses, including higher insurance and management fees.If you have anymore questions, shoot me a DM or email!

He's glad that his PM covers certain areas of Akron (near University).

Set aside a big pile of cash or rely on a line of credit you won't be using.The oversimplified insurance concept is to pay a small premium to cover a large loss.

While insurance might cover the reconstruction of your property, the community's recovery could take years or, in some cases, never occur.