Hello Mark,I’m an old newbie.I have bought and sold various homes throughout my life and, as a general contractor, have remodeled hundreds for others.

I'm not quite living for free yet but at least I've reduced my monthly expenses and also by remodeling my basement I'm gaining experience of working with contractors which will help me with my goal of wanting to learn how to BRRR down the road. 

We're in the middle of a remodel on the apartments which is where our attention has been focused.

Not much make-ready to be done (hopefully) as the house was extensively remodeled prior to her tenancy.

Most passive income investors chart a middle course of involvement with quarterly or EOY audits, and what I call "Potty Audits" (perusing invoices on their phone while sitting on the toilet).

I talked to my agent and he is telling me:1) If it is a sewer backup - NOT covered2) If the tenant left the toilet running and it overflowed onto the carpet, then it might be covered.Has anyone dealt with insurance on anything like this?

My project manager/mentor was advising me on the deal and kept insisting that I should gut and remodel the entire place because its value will increase tremendously.

Fits a toilet, single vanity sink, tub/shower, with standing room.

I have seen this too many times , people caulk around a toilet .

It's much easier for them to be profitable (and less stressed) working for a homeowner who's living in the home that's being remodeled.