Often the HOA Master Policy covers some or all; you/your insurance pays the HOA deductible; the lower unit pays for any upgrades they installed.Water damage that presumably occurred over some period of time could very well initiate mold growth if it was not promptly and properly dried out.

For example, when the entire town of Paradise, CA burned down a few years ago, many non-admitted insurers became insolvent leaving their policy holders high and dry.

Run it througha BP calculater, you'll see.I know that is not what anyone wants to hear, but REI has returned back to normal - the unicorn years after 2008 have finally dried up.

Sometimes a property purchased as a long-term investment ends up being a money pit, or the rental demand dries up in your market.

@Ryan Tongue Recently I have come across a lot of dry rot in support beams in basements.

Also the basement...is it dry?

The current rates make cash flow tight but there are deals.Keep your powder dry and keep looking hard for THE deal.Be careful to not create requirements that make finding one impossible, keep an open mind and think about what's possible.

Folks, this is a hotel room, consider towels left on floor, food in fridge, unmade beds, dirty counters, dishes in drying rack or dirty, etc is part of the cleaning.

You have a very dry sense of humor. ;-) Keep it up.Aa they say in the "gator lending community".

You can never have enough tools or enough safe dry space to store them.