If it's a buy-and-hold, will it meet the 1% rule for cash-flow (or better yet, have you broken down the numbers for debt service + taxes + insurance + PM fees + vacancy/CapEx/maintenance withholdings as compared to market rent)?

How that didn’t show up in the background check, is beyond me.Anyways, I went to stop by the apartment to see what happened, door lock was broken, and I looked in to see if anyone was there (since he lived with his girlfriend/wife and 1kid)and the place looked trashed and abandoned.

Great advice broken down by @Brandon McNulty to get started on real estate investing. 

I've tried to look at public companies but typically the lease cancellation expense isn't broken out separately.

He thinks they are coming in via  old broken cast iron pipes in the bathroom.

We do have a 25+ policy as well, but we have broken that on occasion due to the quality of the kids and there were no issues.

When the contractor went to make his final inspection of the turnover repairs (nothing major ~$200) he found the property had been broken into and the furnace, A/C, water heater and kitchen range stolen: about $6.5 K loss. 

One of my good friends fishing buddy owned a few dealerships so i got the inside scoop LOL  and I fished on the Deschutes with the head of Lithia one year they are neighbors at broken top. we did a 3 day float about 10 straight years until we got to old LOL.. 

Are you referring to trip cancellation insurance or broken lamp insurance?

Yesterday I discovered someone had broken into my key lock box at my cabin.