As a newbie your and other comments here have taught me that follow up is vitally important.

But, it certainly adds some layers to the equation.  

Knowing what a specific repair will cost is one thing but knowing how to catch those issues before they become an issue is vital. 

If you don't brick layer installs and then the builder convinces you to accept the mistake.   

Do your own research and dig at least 5 layers deeper than AirDna data.

We also charge an underwriting fee which includes reviewing the entire file, cost for appraisals and credit checks etcYou also can thank your state or federal government for creating additional layers such as licensing for business loans which to me is stupid.

Definitely, correct tax preparation is vital, and there could be a huge difference in your bottom line if your CPA is not a real estate expert and does not do it right.

They are not the posters who have a lot to say about subject to, wraps and other creative techniques but are clearly missing vital information. 

It is cheap in the big scheme of things and is an extra layer of protection.

The tenant having renters insurance (that does not have a dog bite / dog breed exclusion) is your first line of defense against this situation.Having the property manager named as additional insured on the renters policy brings that layer of protection from the renters policy over to the property manager.BUT... if you as property manager do not enforce the tenant having a renters policy (without dog bite / dog breed exclusions) it opens the property owner up to a lawsuit from a dog bite as well as your property management company.