I used to be a very caring landlord,responsive and of course proposing a great house in Good condition,but for 2 years I was almost not sleeping at night thinking an accident/personal injury/mold related health issue could happen and consequence of this would be them suing me for eventual High medical bills or else,which could mean losing one or more of my single family homes as they were all under my personal name,The point of my post is that it seems you cannot follow a "by the book equation" that would 100% prevent you from this to happenOkay I had the biggest umbrella policy up to 5 Million in coverage,but I have a limited trust into insurance companies,I can easily imagine them finding a way to not cover the problem if needed with some clausesI always was specially paranoid about MOLD,especially with the houses being in Florida,although the premises seemed to be totally ok at move in,you will always be told that there are some mold in houses in general,so the situation could quickly change without you noticing even with constant control,I add a very nice old couple as tenants but at one point they were telling me they had health problems because AC was not working for a day in order to have it fixed quick(of course as usual I respond or act fast to resolve the issue but this just ringed to my mind what could happen if they would get very ill and need to pay a crazy medical bill...)

However, I was informed that it is possible to override the 2/3 vote by submitting emergency request to Department of Real Estate. 

Or hire a PM, get over-charged by an emergency plumber call for no freaking reason and have payments the rest of your life.

Legally speaking emotional support animals are a medical device, not a pet.

Thats like going to the doctors, telling them you know whats wrong with yourself and then telling them to write you a prescription for s very specific medication that you selected yourself.

Make sure your tenant is not leaving valuables or medications out.2.

Thanks Pete, I do have some money saved as an emergency fund (around $5k), but I agree that I probably need to have some more wiggle room.

I went to look at several houses today, we are definitely having family emergency meeting to discuss.  

I assume you have a job and enough for the down payment and half that for repairs, insurance, taxes and emergency funds if the property is not rented for awhile? 

A couple of years they left early due to a family emergency & never requested a refund.We also have several tenants that pay their rent several weeks in advance when they get a big payout for a job etc.