Personal Injury Protection:  libel, slander, wrongful entry, etc.Depending on the location, construction, etc. there may be other coverage that would be worth considering (water backup, equipment breakdown, etc.)

In lieu of some photos, I'm going to post a link to our HRV Homes YouTube video that I whipped up one late night - please excuse the audio - I don't have any fancy equipment for recording yet.  

I will email my broker to clarify as suggested and everything everyone is saying about makes sense, from the listing to knowing more about financing to be a better-equipped agent. 

It does have equipment in there.

You could find out the value of equipment (help him sell it) and perhaps pay that amount, which is basically the additional 10k you're thinking about.

The venders that the home warranty companies hire or affiliate with are the worst and don't know how to fix the equipment that they were hired to fix.  

But it’s ok I didn’t have to purchase new equipment but am tied to a 3 year deal.

I am now equipped with some excellent books (shout out to Brandon Turner and J Scott), I'm going to my first REIA meeting next week, and I've got a much clearer plan of next steps.

I have also looked at ROBES plans (Roll Over to Business Start up)  and it was suggested to me that I could use this  to purchase homes (business short term rental, equipment needed is homes and others with homes).     

The typical Ma and Pa land lord is not equipped to provide this level of management and should hire a professional.In my town, 1-2 bed apartment complexes are being built for around $120,000 - $175,000 per unit.