Our tenant vacated our property, leaving extensive damages that surpass the security deposit. How can we effectively pursue the charges if the tenant refuses or ignores the responsibility to cover the repair costs?  A...

Paid off, this home is generating about $50,000/year in cash in excess of property taxes and insurance. 

Some banks are seeking excessive reserves which impacts leverage/cash contributions required.

Let’s say one has an excess of $500k that is in a high yield saving account earning around 4.5-5% APR.

That seems excessive.

There was excess proceeds and the court could not figure out what to do… I kid you not

It definitely didn’t help the situation that my team members shared my excess empathy.

We would loan in a % of the money then in the note we had an interest rate of course then a % profit split in excess of the mortgage amount and the base note amount. 

Things that will be an issue for the Builders Risk:- some living there during the reno  (that is a very tough one)- prior water of fire damage claim (many regular companies will not do this so you may have to get coverage in the Excess/Surplus market (Lloyds of london, etc...)- delay in the start of construction (you may have to insure it as a vacant dwelling then switch to the Renovation Builders Risk when you are Ready to start)

@Chris MorrisThat seems extremely excessive I would say $5-$10k at most