Carlo,Your Insurance as a Landlord should include:- General Liability (Bodily Injury & Property Damage, Personal Injury, & Fire Legal)- Property (Building, Contents, detached structures)- Loss of Rents If this is a 1-4 family rental, the likely policy that you will be looking at is a Dwelling Fire policy (some companies call it a Landlord policy).  

So type is not of great concern as long as it is real estate (or one of those quirky like real estate things like Oil and gas rights down in your neck of the woods). 

And, to add insult to injury by castigating those of us who have, and are still boot strapping our business (many with a W2) until we can have "deep reserves" is  not only offensive but disconnected.

Prices in your neck of the woods are nice no doubt, but there is something about the sunshine in California...

@Josh Caldwell Where this person lives is not like what your neck of the woods is like at all.Under market deals are rare and hard to find PLUS its big dollars.. average loan would be well over 500k.. its not like there in your market were you can find 25 to 100k deals to fund and have many to choose from..

Tenant injury liability by any chance?

At the very least, it would be named in an injury lawsuit, along withe property manager.  

Do too few or poor repairs and you risk being a slumlord and attracting only slumtenants.3) Depending on the property Class, you & your PMC should break all the repairs into 4 logical Rent Ready Categories:- Health & Safety: these MUST be done to avoid potential tenant injury lawsuits.

I know this thread is old as dirt but I'm commenting anyhow since we still see the old threads..I recall years ago a dude who rented rooms and he ran into the biggest problem of his life when 2 of the tenants got into a fight and one fell down the steps and had serious injuries.

I don't want to risk a feud getting out of hand resulting in property damage or worse, personal injury.