Find a contractor to help with repairs estimates or read J Scott’s book on Estimating Rehab Expenses.Good luck getting started!

While they often require some level of repair or renovation, the potential for significant returns makes them an attractive option for many investors.Why Invest in Distressed Properties in Phoenix?

This is the time I use muscle over legal.

I’d recommend something like the tenant is responsible for the first $500, $750, or whatever in repairs for each occurrence.

I would also send the insurance company this same letter and tell them they are going to be responsible for the cleaning and repair cost.

I would recommend that you don't ignore it; repair the drywall, monitor it and see if the drywall cracks in the same locations again.

All this to say your repair partner is going to be crucial to your success. 

They are responsible for repairing it, whether they have insurance or not. 

You will also need about 6 months of reserves deposited in a traditional financial institution rather than a crypto account.The next step is to find the target property and calculate the acquisition costs and costs of construction along with the after-repair value. 

As a PM, I'm authorized to make emergency repairs without owner permission.