Tell us about your rental...has it performed as you expected? 

@Wesley Piard, Although it's  a fairly simple rental right now it's not performing well enough to make it a "keeper" in most cases. 

The Underwriters do not cover damage to the system orappliance from which this water escaped.And finally -- I heard thirdhand that one of the technicians who went out to the property to perform repairs had been to the house before, on similar work.

The office manager requested I file an extension because I cannot see a CPA until after tax season. 

And my friend has extensive logger data for her system in New Hampshire. 

At the end of the day if you run your numbers correctly and perform proper due diligence you’ll do just fine No matter what path you choose.

The best documentation usually prevails assuming all lease terms, necessary repairs, etc. were performed on the property owners end of things.  

I performed cost replacement valuations for a couple clients down here in Florida to show that they were being overinsured for what the policy actually covers (i.e. policies do not cover foundations) and was able to get their rate reduced by giving them their own ITV they could present and negotiate appropriate coverage for. 

I don't think you have to as usually a better property performs better according to many data points. 

Assuming your down payment %, and loan % are the same, you are really asking “which property performs better?”