Many people claim you need one for risk mitigation, but you can get an umbrella policy on your homeowners insurance and mandate your tenants get renter's insurance with you included as an interest or insured to help mitigate this.

First, you have to buy it on the courthouse steps to claim ownership - that is required to rent out the property.

While this isn't a long-term solution, it could buy you time to arrange finances for a complete fix.Insurance Claim: If the issue with the tub is due to improper installation, it's worth checking if this is something that your homeowner’s insurance or a builder's warranty (if still valid) might cover.Partial Renovation: Instead of a full demolition and remodel, consider if there's a way to repair the tub area without a complete overhaul.

Quote from @Shravan Gali: Most attorneys are unlikely to touch your claim.

The most helpful may be to just do a google search for her name and the address she is claiming to see if it lines up.

.$1m advertised at a 7% cap means the NOI is $70k, or so they claim.

Regardless of your choice, it is crucial to maintain the property in good working order and have sufficient insurance coverage as a defense against liability claims.

The income will be subject to the self-employment tax (medicare and social security) as well as income tax (they can claim expenses if there were any in them performing their services). 

@Ellie Narie we don't manage Class D rentals because they are extremely difficult to manage.Yet, owners are unrealistic and expect Class A or B results from them!

Hi all, I'm looking to open my tenant pool to all kinds of MTR tenants, but I'm curious as to how to screen tenants received through an insurance claims contract?