Sounds like a disaster waiting to happen unless it's a community pool which has rules and a life guard.

We had them add what they called "security guards" too.

there is no military except national guard/reserve.Alot of the houses have been built between 1900 and 1950, and need alot of rehab, but again there are alot of houses for sale.Thanks for your reply.

Reserves would certainly be one aspect of this, or lines of credit against equity in other properties, or perhaps certain properties in your portfolio that are more liquid and/or earmarked to be the first to unwind (sell) to free up capital if unexpected events lead the total portfolio towards a possible crunch point.Overall it appears to me that zero/low cash flow properties may only offer better risk/reward in a larger portfolio or where cash can be found from elsewhere (salary etc) to guard against negative events.Thanks!

They are guarding against money laundering.  

His guard dropped automatically after that and suggested a different property. 

Despite having such a policy, even landlords with the best plans and policies can be caught off guard.

As an example, NJ requires a lot of disclosures a Truth in Renting disclosure, lead paint, window guard (depending on the size of the building), and security deposit disclosure (name of institution holding the security deposit.  

I'm buying a turnkey rental in KC MO for 81k and I was recommended REI Guard Home Insurance so I checked them out and got a quote.

Insanely valuable.Brian Davis (Investor) Lesson: Your time is the most valuable resource, people will steal your time if you let them so guard it according, and understand how to place a dollar amount on your time.