then prove they have deep pockets themselves in case there is a run on claims ?  

If you can prove that you gave the tenant a copy of the LBP guide, you're gold.

Expand your knowledge on real estate investing by studying various resources such as books, podcasts, videos, seminars, and connecting with seasoned investors.

@Tracy Scott it's highly dependent on the deal, the type of property and the location.In addition to the items others have mentioned, here are some of the biggest potential start-up expenses that I study closely before buying a property:Foundation/structure--this is one of my few "deal breakers", I typically will not purchase a property with significant foundation or structural issues.

I just launched a section 8 tenant myself - albeit I do have an empty unit that's proving challenging to rent at this time of year :(

Perhaps study what an "average" rental in your target market looks like.

You ne­ed to think about your short and long-term investme­nt goals, study the market, weigh the­ risk, and consider operational involveme­nt, cash flow, local rules, and networking.

I studied this law, so I feel confident I'm correct. 

And you can also do a cost segregation study on your new LTRs that you're purchasing to continue the tax deferral. 

Here is an extreme example but I think it proves the point.