I am always a bit skeptical of home warrenties anyway as I know a lot of people that have tried to make a claim and either never were paid or were only partially reimbursed.As far as actual insurance goes, on a rental property you should be more concerned with liability and damage from events such as fire, flood, wind, hail, etc. 

Something we need to remember, property sells everyday, rain, hail or recession.

My source for "tired landlords" is none other than... tiredlandlordlists.comI hail out of Austin, but married a Canadian last year and am back and forth because of his lumber business in Canada, so, it's hard to do what I do, if I have to see the houses.And...

I hail from S.California and work with HGTV.

Insurance in the Dallas area is outrageously expensive because of all the hail storms.What part of the metroplex is this located in if you dont mind me asking?

I'd start with a few:Droopy ceiling fan blades - Excessive moisture trapped in ceiling and attic, possible mold spread inside, plumbing problem, roof leak, soggy studs, possible damage to electrical wiring.Cracks on the ceiling - Possible foundation problem, roof leak, or storm and hail damage to roof.Soft spot or dip on the floor on 2nd level - Workmanship on flooring cover, water damage to wood underneath, renovations done from down stairs ceiling created damage.House extension not built on slab or same foundation as the house - Difference in foundation and level.

(I used to do replacement cost, mainly because of hail damage we get down here on roofs but I've decided as a matter of practice I don't want to be filing a bunch claims every time there is a hail storm.)

Yes, it gets repetitive but it makes good points that it's trying to drive home.I do know I was flying up in the clouds for the rest of the day, despite the sudden sleet / hail storm that showed up as we were leaving the local IHOP.Day 10 of 90 (03/26/14)Read "The Richest Man in Babylon" [Amazon] and "The Richest Man in Babylon 2" [Amazon].

And a quick hello hailing from San Jose California.

I like Vegas for a few reasons personally even though there is NO turn key there1. desert air.. maintenance is minimall NO hail  no shifting foundations and no sky rocketing property tax's  ( as oppossed to Texas were all this is common place.. sky high property tax's  shifting foundations Hail ( new roofs think of your deductible)  etc etc.but there are plenty of markets out there.. as much as anything is about PM but if your in CA and in Oakland I think another good play is parts of Richmond that don't have any rent control. find those..