You need to report that to the landlord IMMEDIATELY.

Instead most are guppies that follow whatever the news media tells them to do.

So I feel I should break this down into a series of questions.Can the quality of insurance you get for an investment house depend on the tenant’s background information (criminal record, credit report, history with property damage, etc.)?

The 2% is "NEWS" to me...Matter of fact, I was thinking to look at this Duplexes in TX that satisfies the 1% rule but I guess that as well is not good for investing.

I and many others REFUSED to do deals like these, spent many hours explaining, warning, reporting but they kept closing, heard many a "Guru" brag on how many they had done in many a prestegious investment group meeting.

And still had all the 'Open House" signs in the basement.The good news is that with each failed flip some speculator is out of the game.

seems to me we suck down bad news for a while, close up our wallets and hibernate economically for a few years.

It is custom to have 3 years income/expense reports and or 3 years tax returns on the property.

Locally, I wasn't overly concerned until today when there were big news stories about rationing rice.

I've got ZERO experience with real estate except for what i read in the news and books and etc.