Do you have extended coverage like Windstorm, Hurricane and Hail, Explosion, Aircraft and Vehicles, Riot and Civil Commotion?

Mostly quaint shops, medical and office buildings down "main street".Here's what I know now after a few days of phone calls and research....Only 8 units (the 9th one is gone -- fire, explosion, etc...)Price now $400K (better because one less unit, but still $50k per unit)Only one tenant is salvageable and I don't know the details of the rent yet (all the remaining tenants are being relocated by seller prior to possession -- this one lease is up in April)Property is owned by a non profit and is used for housing for people needing a little help (so no income to speak of)No expenses to speak of (at least for current owner because they are tax exempt and volunteers provide services for repairs when needed)Electric is not divided (don't know total yet but I would spend the money to separate and have tenants pay)Property was built in the 50's and remodeled in the 90s (I still haven't seen the inside of the units, but are housing mostly elderly couples that have been there for at least 10 years -- agent says I will be pleasantly surprised -- walking through on Tuesday with my general contractor friend)Advertised total square footage was pulled from tax records stating about 10,500 sq. ft for living space (so around 1300 per unit...

I purchased two last year that simultaneously had water explosions in the same month.

My rentals have policies that have one premium for "Fire and Lightning" then another for "Sudden and accidental damage from smoke, windstorm, hurricane, hail, explosion aircraft and vehicles, riot and civil commotion."

@Kyle Sutton,With the way phone numbers have gone since the cellphone explosion and telco breakups, area codes aren't very meaningful anymore as a locator.Even landlines in Puerto Rico can, for example, have a "Seattle" area code.I wouldn't be too concerned.

Following this advice will help you to avoid explosions in your real estate investment aspirations.One final point, Ford Motor Company knew about the exploding gas tanks, but decided not to fix them because they wanted to save the $11.

An investigation revealed that the application of math without understanding how this extrapolated in the control system, significant errors were produced, that these errors were received and transmitted to the trigger creating an early explosion before reaching target.

Some markets appear to be over heated:Home-Flippers Reliance On Leverage Rises To Highest Level In 9 Years Jun 8, 2017 11:15 PM“Home flippers financed an estimated $3.5 billion in purchases for homes flipped during the quarter, up from $3.3 billion in the previous quarter and up from $2.4 billion a year ago to the highest level since the fourth quarter of 2007 — a more than nine-year high.”The explosion in home valuations in urban markets like Brooklyn, Washington D.C. and San Francisco has inspired real-estate speculators to search for the next big score, with the highest percentage of home flips completed with the aid of outside financing occurring in Colorado Springs, Colorado (69.3 percent); Denver, Colorado (54.8 percent); Seattle, Washington (51.6 percent); Boston, Massachusetts (51.3 percent); and Providence, Rhode Island (47.3 percent).Matthew Gardner, chief economist at Windermere Real Estate noted that escalating home prices in Seattle forced flippers to rely on financing their purchases.

I don't really know what goes into those numbers but I can tell you that the explosive rent growth in markets like Dallas are starting to stagnant (still increasing though).http://www.zerohedge.com/news/2017-06-11/restaurant-sales-traffic-tumble-industry-hasnt-reported-positive-month-february-2016[Americans are minimizing discretionary spending on Main Street]http://www.zerohedge.com/news/2017-06-10/us-weeks-away-recession-according-latest-loan-data[The real Americans are decreasing their home purchasing]Thoughts?

I'm sure that there are Assisted Living Management companies that you can use in other States that you can talk with if your considering capitalizing on the explosive growth of the Senior population and this segment of Real Estate Development in your area.Bill Bradfield