Here are a few potential explanations:The policy holder may not have followed the terms of the policy, such as failing to maintain the property or not disclosing relevant information when applying for the policy.The insurance company may believe that the damages claimed are not covered under the policy.

In many situations, an older property can be PREFERABLE to a newer property.One of the biggest misconceptions by inexperienced RE investors is that new houses are inherently less costly/less headache to maintain, and inherently "better" than older houses.

I didn’t find any unicorns yet of how to keep it super warm but will see if the cover makes a material difference Insulate your pool: Adding a pool cover or blanket can help to keep heat in the water and reduce the amount of energy needed to maintain a comfortable temperature.Set the thermostat correctly: Set the thermostat to the desired temperature and avoid making frequent adjustments, as this can cause the heater to cycle on and off more frequently, which can increase energy usage.Keep the heater clean: Make sure to clean the filter and other parts of the heater regularly to ensure it is operating at its best.Use a timer: Use a timer to turn the heater off when it is not in use.

I would go with the banks on expenses and try to maintain at least a 1.2 debt coverage ratio (net income is 1.2 times your debt service.)

Offer to purchase all or part of their portfolio and make sure to highlight to them that this is a great way for them to maintain their passive income while avoiding capital gains because they aren't selling it all off in one chunk, and then they don't have to do the actual maintenance and management anymore. 

As I mentioned in my previous letter, I look forward to continuing to maintain your address with the same pride and quality that (previous owner) has taken in it over the past 19 years.

It's important to research and understand the laws in your area to ensure that you are operating your rental legally and not putting yourself at risk of fines or other penalties.Maintenance and cleaning: If you decide to go the Airbnb route, you will need to have a reliable cleaning crew and handyman on hand to ensure that your property is well-maintained and ready for guests.

In theory, your Board does have a fiduciary duty to you and all Owners, and the responsibility to see that all rules are enforced, and all common and limited elements are properly maintained.

Another thing I'll commensurate the importance of is if you do form an entity, MAINTAIN IT.

I could manage the property and maintain it first hand living across the street.