Buyer has examined the Premises and is relying solely upon such examination with respect to the condition, character and size of the land, improvements and fixtures, if any, constituting the Premises.At Buyer's own cost and expense, Buyer shall obtain and maintain in full force and effect at all times during the continuance of this Contract: (a) comprehensive liability insurance for bodily injury or death to any person or persons, and property damage insurance, in such amounts as Seller reasonably deems necessary; and (b) fire and extended coverage insurance in an amount sufficient to prevent Seller from being a co-insured under said policy of insurance, but in no event less than the unpaid balance due under this Contract.Seller and Buyer shall both be named as insured parties in the insurance policies required above, as their interests appear, Buyer shall furnish Seller with memorandum copies of such insurance policies upon Seller's execution of this Contract.

This is done to prevent fires and or a claim.

It also prevents the tenant from ever knowing your account info.

Will prevent a lot of problems down the road.

Loop hole here is that the contract can have the property address on it.Basically Ohio is trying to prevent people from tying up as many properties as they can, and acting like a realtor without a real estate license.Find a good real estate attorney and consult with them before you do anything.

It also prevents an all out 100% vacancy.

Properties in good condition that are priced right are going to sell quicklyThe one caveat with a HUD home as there can be a small issue such as a faulty shut off valve that will prevent a buyer from activating the water and prevent an owner occupant from obtaining an FHA,VA,FNMA loan and thereby drastically decreasing the pool of buyers and thereby creating opportunities for investors. 

This could prevent a good applicant from looking at your property if the management company is not viewed positive. 

By leveling with them, giving them their deposit back, and as a byproduct possibly prevent the final destruction finale because the landlord isn't so bad.4.

Remember, there's not much you can do to prevent being sued!