If you can't figure it out, then you have to pay for it, split the cost between the tenants, or split the cost between yourself and the tenants.It's good to understand this issue and have a policy in place before it happens.

Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.

From my understanding, insurance won’t cover a dead tree falling as this is a result of “neglect” but would my current dwellings insurance cover it under personal liability?

I understand it’s an existing home, or older home, so I’d like to ask you to kick in $2,000 toward repairs I feel are necessary.). 

Could any of you please advise us (not legal I understand) if setting up an LLC or these homes in a trust, etc would be beneficial?

.: @Ronald RohdeI'm sorry I still don't understand what you mean by " how much principal I NEED"?

He is very interested in real estate business especially long-term rental properties in Dubai, but he has limited knowledge of rental properties, so he joined this community to get a good understanding of how real estate works, and how to manage his properties while living in USA, and to get in touch with real estate owners.   

.: Quote from @Molly Hane: I’ve found a “deal” but I’m having trouble understanding if this is a good fit for me.

So understand every bit of risk is important.

There is a lot you need to know to be a successful investor and landlord and while nothing beats doing it -  as the best way to learn - you really need to have a good understanding of the fundamentals and the ins and outs.