. 🎉 I’m still finalizing things with my lender, but before I move forward, I want to be 100% sure I’m covering all the key steps.Here’s the checklist I’ve put together so far:Home inspection – to catch any hidden issues.Appraisal – to confirm the property’s value matches the offer.Financing contingency – securing my loan approval without surprises.Title search – ensuring there are no liens or legal issues.Seller disclosures – reviewing any known problems upfront.Neighborhood research – making sure the area fits my investment goals.Are there any crucial steps I’m missing or anything you think I should focus on more?

Here is a link from an older post on the same subject with some options.https://www.biggerpockets.com/forums/52/topics/262681-rent-recovery-serviceIt would be good to get a collection on the persons credit report to help the next landlord even if there is no $$ recovered.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

I'm based in Boise and am very interested in learning more about how to generate leads for buying houses "Subject To".

It meant the income covers its own costs.

Tenants pay a portion of their income toward rent, and the program covers the rest.### 2.

Insurance is meant to cover more significant expenses.

The loan approval is based on the property’s cash flow—so as long as the rental income covers the mortgage, you’re in a good position.

Our lease requires the tenant to carry renter's insurance with a minimum of $300,000 liability coverage naming us as additional insureds, as well as covering their personal property.

It seems the most likely issue is simply having your personal names as the deed holder listed in a complaint although again, based on what you shared about your sound operations your insurance should cover any claims that would arise since you wouldn’t be triggering any coverage exclusions.