Seems unnecessary to give away most of the profit to an investor if all they're doing is the financing?

You want to give them enough time to find a new place but avoid unnecessary conflict.

Yes, treat your investments like a business and profits will come but there’s no reason to create unnecessary tension to a loyal tenant.Suurrree...go in there with an iron fist to a viable,reliable tenant and treat them like a product or a piece of property ...I’m sure they’ll be ecstatic to work with you in the future and will treat your property with respect 🙄.

:I agree with what you are saying Will, but some people won't pursue whats necessary for specific performance.True, but that would be there own fault, muy point is just that even if the insurance was not a scam, it is 100% unnecessary if you lock your deal first.

My point wasn’t that you shouldn’t be frugal it was that you shouldn’t spend unnecessary time trying to figure out how to save a penny when in the big picture the resource cost of time far outweighs the savings.

Provided you do regular inspections and repairs, billed to the tenant as you go along, an additional deposit is unnecessary.

Recently I've realized that most of the PM companies rent out units at or below market rents and allow for an unnecessary (IMO) turn time which of course translates to increased vacancy rates. 

They will also be aware of what is needed to get a house up to the neighborhood and not go over the top with unnecessary work).

Unfortunately, there are a lot of investors being taken advantage of in this type of scenario and although you can't guarantee that you won't have problems, not doing your homework may cause you a lot of unnecessary pain in the end. 

It seems pretty unnecessary.