Its my understanding that the individuals are responsible for all the legalities, contracts ect to make it safe not to get ripped off. 

Requiring the homeowner to replace the pipe individually would seem like a huge octopus of inspections and enforcements and etc.

., contracts, blueprints, reports, scanned records, etc.) while managing access permissions for teams and individuals.2.

Quote from @Chris Seveney: This really boils down to each individual situation.

I’m now venturing into new opportunities to expand my expertise and grow my portfolio.I joined BiggerPockets to connect with like-minded individuals, share insights, and learn from the incredible wealth of knowledge this community offers.

I like how even though you rent to the working class individual and they aren't $100K+ homes.  

I think this will work because this 16 unit will function more like 40 units with 40 individual renters.

However, it’s important to understand the loan’s key requirements:Owner-Occupancy: The borrower must live in one of the units as their primary residence for at least 12 months.Single Borrower: FHA loans are issued to individuals, not partnerships or entities, which means the loan would need to be in your name alone.Given your scenario, only you can qualify for the 203(k) loan since your partner does not intend to occupy the property.2.

Interesting - I have been investing in Philly for 8 years, run a  group of 2500 small landlords, speak at lots of events, know and network with many of the players  . . . but never heard of him before.

Is this because you had a PM with insurance for this kind of thing or was this a clause in your individual building insurance policy?