My list includes - last 2 years employment history and current employment [2 paystubs], criminal checks, eviction checks, No Pets, No smoking, tenant pays utilities, maintains landscape, no subleasing, bring own washer & dryer, 1 month security deposit and transfer of utilities before moving in, rental insurance, all occupants will be on lease, notice period of 2 months for termination, tenant references, No cosigners, no painting walls, late fee notice, any hoa fines should be paid by tenant, inspection of property at 3, 9 and 12 months.Please let me know if I am missing anything.3.

And anyone that sells you life insurance.

We expect someone commenting on how great life insurance investments are  to reveal if he’s an insurance salesman, and someone who suggests buying property in Cleveland is great to reveal they’re a Cleveland based real estate broker.  

I won't bash them too hard, because once in a blue moon there are actual deals you can come across, but having a second filter/eyes on the deal can really be great insurance against buying a dud.

The PML is not FDIC insured.

You may be better off just paying for an umbrella insurance policy each year.

My interest-only monthly payment, including taxes and insurance, is $2,298.Phase 1 of the project was a gut-renovation of the existing home, which we converted to a three-bedroom, two-bath home.

If managed correctly, the rental income should cover your property expenses (like mortgage, insurance, and maintenance) while still leaving you with positive cash flow.

We are looking to switch our insurance policies for our rental portfolio.

.- You mentioned you don't need the money right now, so holding onto the property could provide long-term rental income and potential appreciation.Here’s what you should consider:- **Financing Costs**: If you decide to rent, ensure you factor in all expenses, including mortgage payments, property taxes, insurance, and maintenance.- **Market Conditions**: Check the local rental market to see if $1450 is competitive and if there's a high demand for rentals in your area.- **Long-term Goals**: Think about your long-term investment strategy.