The only reason I say this is because even if you base your profit based on the MOST conservative numbers, there are always some sort of unexpected incidents that will arise throughout the process, and there needs to be some sort of reserve capital set aside for that.

If you can cite specific examples of incidents from your previous projects, I would be more than happy to review how and why they happened.

If a comprehensive policy, your policy might cover legally required costs associated with complying with the law due to a covered insurable incident.

The couple moved out few days after incident end of September, but paid rent for October, but did not pay rent in November or December.

Just send  her a polite reminder of that and maybe that will be enough after she has time to think about it to leave your property without incident

This topic is one I cannot find information on, but feel it is important to do right in order to protect myself.My HOA requires that my tenants and I together sign a waiver holding the HOA harmless should an incident occur on their facilities.

I notified the tenant of the incident as she was at work.

An operator of a switchboard, or an officer, agent or employee of a provider of wire or electronic communication service, whose facilities are used in the transmission of a wire or electronic communication, to intercept, disclose or use that communication in the normal course of his employment while engaged in any activity which is a necessary incident to the rendition of his service or to the protection of the rights or property of the provider of that service.

I don’t understand this and neither do I see explanations or examples of why this might be, yet they are not isolated incidences.

@Ryan McGrath I think your first concern is to make sure it's a legal rooming house or to understand the steps that it will take to make it one - which I'll bet would include things like extra egresses and a sprinkler system.One incident / phone call / police visit where word gets back to the building inspector and you might find a big red "VIOLATION" sticker on your front door.Next, I'd want to do some forensic accounting.