What you want to check when signing up a PM is their indemnificaiton clause on who covers who in case someone does something wrong. 

Is it covered by some bonding or insurance the inspection company holds?

So, he's claiming the home warranty won't cover... fine, what's the repair cost?  

The property could be boarded up with no pictures.

The refinance step is where you pull out this equity, typically in the form of a cash-out refinance.Here’s how it works:You refinance the property at its new appraised value (after rehab and renting).You take out a new loan based on that increased value, ideally for the full amount or more than what you originally paid for the property.The goal is to pull out enough money to cover the cost of the original purchase and rehab (or even more, depending on the property’s appreciation).This allows you to recover your initial investment, which can then be used to buy your next property.5.

I have a one page lease addendum to cover this, that is executed with every tenant and every lease.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

I will PM you my rep -- they are in Indianapolis, but if they don't cover your territory, I am sure they can send you contact info for someone. 

Do you have vandalism as a covered peril?

A) Lease was older where price quoted in lease doesn’t cover cost of replacement.