The website looks like it covers all of this, but I haven't seen a lot of talk about it.

Rufo, so you are violating the HOA rules so I don't think they would cover anything if it is the fault of your guests.This will eventually catch up with you and could result in some big fines so maybe think of selling this or converting to a LTR instead.

The house had a warranty the first year that covered anything that came up, and we only had one issue with HVAC over those 3 years. 

However, vacancy means covering 100% of the expenses.Multifamily properties almost always generate higher cash flow due to multiple income streams, which also reduces the risk of vacancies.

You can be told one thing & the PM can continue to cover it up without your knowledge.

It's just an unfortunate side of house flipping when you're first starting out - you typically don't have your downside covered.  

Just make sure to adjust the rent enough to cover the average utility costs and include it clearly in the lease terms.

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

Part or all of the rent is covered by the US gov't (take that as you will).

@Tom Nagy There are a number of existing forum threads covering the challenges RAD Diversified has faced with a number of investor's personal accounts of their own experiences.