I am waiting to see how bad it is and how good the tenant is to see if I am going to hold this house for a long term.

@Becca Pariser, Relay has an official partnership with Profit First and I've heard good things.

And I put all quality materials and high end finishes throughout.

The second thing we do is leaved some canned good in the cabinets just in case.The worse case is the same as the first but they lost power.  

@Stuart Udis you sound like one of the good guys :)  This line is GOLD, "90% of people who post on BP about entity formation or transferring properties from their personal name to an LLC cannot articulate the risk they believe they are protecting against"Its a game of risk/reward.

I recoup my insurance i front and my fee.. the fee is all in points and interest there is no monthly payment is all on accrual.. this allows this client to do 3 to 5 deals a month with me. this was a good one they are not all 50k profits but most are 15 to 35k each all with ZERO money out other than EMD which is negligable like 500.00 bucks and utls.. this is how you use a capital partner to scale.. 

Good luck.  

But the goodness doesn't stop there.

Win-win, my brother got a place to live, and I got a good ROI on my investment.

LOL, Jon beat me to it, good post!