We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

As a Nationwide lender in 47 states + Puerto Rico that is fully endorsed, there are not many lending scenarios we don't cover in house, but there are always scenarios that fall outside of conventional or standard Non-QM guidelines.

Insurance in most cases only cover mold/fungus IF the mold was caused by a covered loss.  

Assuming no damage, you already have half of your fee covered by the security deposit.

We purchased our primary property here in Hawaii in 2021 and have found immense benefit from the property setup which allows us to rent out our "ohana" unit (mother in law) which covers our mortgage costs.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

In the case of the co-worker mentioned above, had the landlord added $25/month to his rent, covered the gas, he would have been fine with it.

@Greg Lovern Does it debt cover using the market rent from the legally conforming unit(s)? 

You would want a contract spelling out the terms of the deal so everyone is covered. 

I’m also 99% sure most lawyers have some insurance to cover such situations,  Errors and omissions insurance?