Also - I’d look into the history of the condo fees - do they raise the fees periodically and what do these fees cover?

Reporting is the key to making sure you don't end up in a situation where you suffer substantial losses.  

If the landlord is named on the policy, then the landlord is also notified if you cancel the policy (which would put you in violation of your lease).I would talk to an insurer about the amount of the policy - renter's insurance can also cover damages caused by the renter (you) and as well as the contents of the rental unit. 

Unfortunately the renter downstairs has been having his utilities covered in his rent.

Lee do you account for Capex as well, or only 10% for maintenance to cover all needed repairs?  

Nice guy but he relapsed and covered the heat lamp it the bathroom with a towel and left it on, started a fire, towel dropped and burned plastic tub, corner of cabinet, soot everywhere.

They can cover over multiple companies in multiple states.  

The Money out of MY Pocket: Is to cover a small portion of the mortgage and water/sewage.  

Would that cover any lost business income if my servers/computers are offline? 

I've owned 4-plexes in other cities in the past and they were A class properties and suffered none of the problems I will describe below.