I leave stuff that can kill me or destroy my house to the pros!

Bear in mind that insurance covers only a small part of the damage; i.e. if a suburb is destroyed / badly damaged by a tsunami, insurance may cover the repairs to your property, but there are plenty of other damages that are more difficult to assess and to cover.

We like to have both in case something happens and either method is destroyed...a little more work but it makes me feel better about it.

Just wondering, how well the government is going to enforce Dodd-Frank since they let the bankers and mortgage lenders destroy most of the world economy and none of those big boys ever went to jail?  

If I do that I'm sure shell be upset and more likely to destroy the property.

It will destroy your credit, as you're aware.

I see many fail in this area because the cash flow on paper looks good but when the tenant destroys the place and you have a $10k bill to repaint and redo floors and fix cabinets etc.

Supposedly, both tenants paid on time all of the time according the owner, but it couldn't be proven because the leasing and accounting documents had recently been destroyed in a pipe burst flood. 

I bought an 05 build and the previous residents had destroyed the internal unit.

Go into this career with a strong safety net or it could destroy you on the first round.