The cabin/home we have does have a full policy on it so if it was to burn down or someone gets hurt on the property it will be covered, so that is why the "crazy talk" of looking for just a liability coverage policy and not something for the property.  

If I had a do over, rather than burning 6 months of stress and costs on an eviction, I would have done cash for keys. 

This accomplishes 2 things, 1 you are gaining instant equity, 20-30% each time you complete the process.  2.

Hello all,I do a rent by room strategy outside of Denver proper, and in the past have been burned a common denominator of two tenant that I allowed co-signers were not a good fit.

Burn the home down3.

If someone shows up here looking for instant riches, they are going to find it no matter what saner voices say because they are going to ignore any information that rebuts or contradicts the narrative they already have in their head.

That means that it's grandfathered in as triplex (but if it were to burn down, it couldn't get rebuilt as a triplex, but as current zoning as duplex). 

Do you think you're going to be covered if the 3rd tenant starts a fire and burns the place down?

He was a burned out landlord and tired of it.

Their response time to chat is almost instantly or within a minute.