- I'm not sure if all the damage is necessarily due to sewer back up, as there may have been a long, slow leak (hence the mold) that only turned into a big leak when the sewer backed up.I found something in our policy about "fungi, wet rot, dry rot" coverage, so if they deny for sewer back up, should I pursue this type of coverage?

I think you can charge the tenants but you must eradicate them.

@Randy Fung I have used Rod Whittington, 216-952-8500.

The company i worked for specialised in eradicating Japanese knotweed from UK development sites.

“We” will not pay for loss or expense due to the cancellation ofany lease or agreement.This coverage does not apply to loss caused by “fungi,” wet ordry rot, or bacteria other than as provided under ADDITIONALPAYMENTS, Fungi, Wet Or Dry Rot Or Bacteria Coverage.Fair Rental ValueIf an insured property loss covered under PROPERTYPROTECTION—SECTION I, OUR PROMISE—Dwelling Coverage,OUR PROMISE—Other Structures Coverage or OUR PROMISE—Personal Property Coverage, makes “your” “residence premises”uninhabitable, “we” will pay for “your” loss of normal rentsresulting from the loss, less charges and expenses which do notcontinue while the rented part of the “residence premises” isuninhabitable.

It is the landlord/ corporatios's responsibility to eradicate these from property.

That means you only have $150,000 into the land, which effectively doubles your cap rate on the lots and you have eradicated the pain and suffering of rental mobile homes.All park owners use this plan to some degree, but it's all based on the number of POHs in the property at closing.

I was able to take those funds and completely eradicate my CC debt, while leaving me with enough cash to fund a bigger project!!   

This will allow you to eradicate your rent expense which I'm guessing one of your higher expenses on a monthly basis.

Just expressing my opinions now;  The root issue in my view that the DF authors where wanting to eradicate re Lonnie deal math is:  buy at $X  mark up to $3X and finance at 18%.