Murder, suicide, a 2 year old drowning, house burning down, sitting in a driveway with a shotgun in my hand holding off gang bangers, being assaulted by potential renters, drug dealing, drug growing, more lock outs than I can count, and you have the GALL to say I am afraid of a hanging rain gutter!  

But yes I get it, off market deals are more promising and less rubber burned in finding deals.

There are a lot of folks out there with a turn and burn attitude.  

A bunch of the got burned buying in US cities...it isn't easy to be a landlord here.  

I would focus my energy on saving and then finding such a deal, and if you don't find it, don't pull the trigger, keep looking ... no deal is better than a bad deal. 

No reason to rush into something, be wise with you new found skill in investing and don't get burned! 

The more I think about it, I don't know if I've ever known anyone have a place burn w/out insurance, but they always had a say in WHO did the demo work!

Your energy and focus is your competitive advantage...

I don't mean to cheap out, it's simply a matter of me trying to not waste my time and energy for something that so many people have told me is not necessary.

To both our points, speculation on these matters is often a waste of time and energy in regards to simply getting the official statement of what is due.