It can also be very expensive and the limits are usually low.  

I have some properties on low rates 2-3% range which I'm in no rush to pay off.

@Gil Levy I recently completed rezoning a project from I-1 (Light Industrial) to C-1 (Community Business District) in Sylvan Hills and built 3 story Triplex.

The main issue with rental basement is water if it has water issue usually it is a simple fix .Clean gutters ,discharge gutter  water away 10" away from foundation, make sure you foundation soil is slopped away from it .If you need to buy soil get a clay mix .Cut back any tree too close to the foundation look at the drip line that's how far the limbs are out from the tree .If all that is done still has water buy a sump pump  carry the water to day light away from foundation 10" to 15" .

Its a 4bed 4bath, and the plan is to do a light rehab after the current lease ends, get new tenants and increase rents a little bit.

So we went directly to Lowe’s, who provided a receipt for microwave, installation, taxes, etc. totaling about $530.

Known for its "Blue Light Specials," the discount chain was once a retail powerhouse with over 2,000 stores across the U.S.

If you want another layer of protection get an umbrella policy.You don't want to trigger the due on sale clause for a likely low interest mortgage.Also if you aren't operating your LLC 100% you likely only have a false sense of security. 

Shotgunning a bunch of low offers is a waste of time, and will only hurt both yours and your clients reputation for not being a serious buyer. 

I'd like to keep the house for long-term appreciation since it's in a good school district and has low crime.