Hi Petya,The key question is whether the rental income from this property will cover your monthly expenses, including the mortgage, taxes, insurance, and any potential maintenance.

Speaking with other agents and friends in those markets, they're seeing investment properties going for far above appraisal value and buyers are having to bring enough cash to the table to cover the difference if they really want it.

There was a direct deposit on same day as the payment which would have made the balance enough to cover the rent payment.

I would recommend listening to the BP podcast, they cover several different topics/investment strategis and it would be a good tool for a new investor that's unsure how they want to invest.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.

A little P.S. up the prices by a small percentage to cover the increase in host fees, works like magic for the extra cost and the guest never know!

We covered the whole state of NJ so a central location would have been equally far for everyone.

They’d cover the full purchase price plus rehab costs.

My point in bringing up the fact he continued paying is because he said to me in response to my letter stating he owes the difference in damages above the security deposit amount that he has nothing to do with her anymore, except it wasn't true because he still would write checks directly to me to cover her rent.2.

The renter doesn't have renter's insurance to cover a hotel stay, but the house isn't in bad shape and very livable.