If a tenant defaults, rather than chase them down, you file a claim and supposedly the insurance company (Assurant) sends you a check for the damages and then pursues the former tenant for collection.I only own four properties, so from what I read, some people have said you have to own several units in order for it to work for you, while others say it works for them.Of course, when you talk to Assurant, they sing the praises of the program...why would they say any different?

The chances of me ever paying a PM company $150 to inspect a property they are managing (and are supposed to know how well at least to some extent the tenants are keeping up the place) are slim to none.  

I suppose I might just be lucky, or (as I think is the case) most people are decent people and don't have trouble meeting all 3, even renters.

We were told that students were supposed to live on campus longer and they were building more student housing.

I suppose the damage besides a possible bullet hole in a wall/floor/ceiling is blood spatter and/or pooling?

I suppose the phrase "knowledge is power" has misled many a person to stifle their actions because they believe this to be true. 

The OP is about becoming a hard money lender, which I suppose is almost always in first position so I understand where the recommendation to always lend in 1st position comes from.

I suppose a bank can sell anything they have clear title to.

I suppose you could just register anyway but it might pose a problem in areas where they also have rental inspections. 

Tenant supposed to be out, but nobody could actually say if they were.