Thanks Stevo, I appreciate the reply and you could do it that way however, it doesnt really solve the problem of a potential runaway water bill from say a toilet left running while the tenant is on vacation somewhere or some other problem where water is left on or leaking.

So I am just curious if anyone is in any of his deals and has he had deals that are asking for Cash calls or being sold and wiping out investors  or leaking oil ??? 

What if there’s ever a pipe leak or something , wouldn’t water get underneath the LVP?

Basement elec panel needs trim around it and ceiling looks like it was patched and is hiding a leak.

We initially budgeted $5,000 for repairs, but a leaking upstairs toilet above the kitchen required additional work.

Some common disputes I see are concerning the landlord failing to do his or her duties under the lease (e.g. make repairs); slip and falls by a tenant or a guest of the tenant; injuries caused by landlord's failure to properly exercise his or her duties; environmental issues at the property (typically commercial, e.g. alleged that an underground oil tank started leaking causing damage to business); disputes over the security deposit; illegal clauses in a lease; failure to reimburse the tenant for a repair he or she made; Entering a tenant's property illegally; failing to disclose environmental issues such as lead paint; or trying to evict the tenant illegally.

The other risk is dishwashers leak when they are not working, so in the end you are not saving anything.

Example, the tenant has a guest over and there is a leak that I was not made aware of.

The upstairs plumbing is also leaking in the bathroom and is clogged.

If you hired a roofer to put on a roof and 6 months later the gutters leak do you blame the roofer?!?