If they don't, the landlord is next in line to be sued.If you require renters insurance the insurance companies can fight about who pays if something bad happens. 

You're in for an uphill fight for SO many reasons. 4 projects and total of 500 units?

But here we are doing Ok  and living to fight another day..

He says to minimally get an Attorney to work for me instead of relying on my agent and our title company, since they're all get compensated on the deal getting done, not necessarily fighting for my protections. 

You do not want to purchase the property only to learn that the tenants are six months behind on the rent and are vigorously fighting an eviction lawsuit.

Yes, I have gap funds for a situation that may never happen like when people spend their whole life practicing karate and end up never getting into a real fight or more on point, losing that fight because of your Karate because it gave you a false sense of security when walking away was the better choice.For example, if something happened and I needed the $1,500/month that my unit earns, well, I have to live off of $1,500/month which may not be enough.

Thank you for constantly fightig the good fight, Scott.

Welcome to A Skeptical Dude’s Take on Real Estate: a frank, hopefully insightful, dive into real estate and financial markets. From one real estate investor to another.
Coming at you live from Nashville, TN.
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Upon looking into regulations I found out about the local community fighting hard against them and making it more difficult to operate.

When it falls, they may reimburse you for $1,000 max.I used to fight insurance for this issue and finally we won.