If the storm wipes the house out he/she is fine since the house is covered.

If you don't have the cash to pay your contractors, you shouldn't buy the house or you should raise funds to cover your shortfall.

The fee/increase in rent will cover the increase in water usage. 

It's a lot more expensive and only covers the bank's interest, not yours.

Can you add $50/mo for "covered parking/storage" to increase revenue.

What does the lease say about cleanings and what the security deposit covers?

Wanted to give you guys an update on the renovation with some pictures.1pic : Front of house with additional side lots 2-3 pic.: 1st floor demo 4th pic: Bathroom & backrooms still standing pre-demo5th pic: 1st floor as open shell , all walls down & new sub floors 6th pic: Framing of 1st floor started GROUND/CELLER FLOOR: BELOW 1-2 pic : Pre-demo 3 pic.: demo (All walls taken down, a total MESS!)

As long as you have a fixed loan/mortgage, and the rental income isn't at a high risk for dropping dramatically, you are covered regardless of what the market does.

What do you see happening, both big-picture and RE-related, as a result of self driving cars?

@Mark Kao I would suggest talking to the property management company that covers the HOA first and foremost.