When there is a vacancy, a leaking sink, a drip from the roof, a fallen branch from a tree, storm damage, a rough tenant, a potato down the toilet...whatever expense comes up in the future, and they always come up, that is what the cash flow is for. 

You might budget for them to last 20,000 miles, but if you rotate them and avoid damaging them they might last 30,000 miles.

We are currently looking at a HUD home in Georgia - I have a couple of questions and can’t seem to find a definitive answer - The home is currently in the OO listing period - our plan would be to buy the home doing extensive renovations (the home is in a “Historical” area so renovations have to be approved) once completed we plan on living there full time - it could take ip to a year to complete or longer I don’t know  - as I see it the OO designation is to be the OO for a min of 12 months - is this after the home has been renovated or after you close on the home - though the house could probably technically be lived in now it does have some water and roof damage and needs complete redo of electrical and plumbing - for me to deem it safe - so not really livable by normal standards - but no way it would be livable in just a couple of months - any thoughts or an actual answer to the OO rules 

Not an issue here, but my mom just got a new roof in MN because of hail damage.

I need to do research once I get settled somewhere (our other house was heavily damaged by trees falling on it) but thought I'd ask this forum in the meantime.I'm grateful for any advice that you have, and I hope everyone is safe.Talk to your insurance agent ASAP.

Security Deposits are for damage to the unit, not rent.

Comprehensive CoverageBasic Coverage: Covers specific risks like fire, theft, and certain weather damage.

Here’s how it benefits you:•Faster Evictions: The expedited eviction process minimizes financial losses from unpaid rent and property damage caused by squatters.

As for damages, everyone uses the house differently and it may not become apparent for a few weeks or longer. 

The deposit is for damage.