GP manages and assumes 100% liability while LP(s) only risk initial capitol and are not involved in day-to-day operation.

What might be insured is between the insurance carrier and the lender.Considerations are vast, the local economy, the project, management, financials, timing of the project to completion, basically all areas that a lender will consider.As to sub-prime, never heard of it, as coverage is generally afforded to strong borrowers, developers that are entering a project at a higher LTV initially and the LTV is reduced as a project comes to completion, the initial risk.Apartments or properties held long term can be insured but again usually to cover the LTV risk, that is risk enough and to add sub-prime credit, management, or low debt coverage issues really isn't an insurable risk.

When we take on new tenants, we show them where all the utility shut offs are and explain how to use them - we then have them initial that they have been shown them and understand how to use them.

These are oftentimes things that aren't obvious at the initial analysis.. like what's behind the walls.. and unexpected things that pop up.

@Diane Hummel - welcome to BP and that was my initial plan too!

Verify all you want.I know your question was a mailing question however I just want to encourage you to find multiple methods of reaching people who will respond positively if you simply find a way to add to their lives.

We would like to ensure that you have a clear understanding of our rental process up front.We will conduct a credit and background check and contact references as part of the application process.It is important to provide a clear and complete application to make this process as smooth as possible.Please ensure you will meet the following qualification requirements before applying as there is a non-refundable application fee:Stable, verifiable gross income of at least 3 times the monthly rentFavorable credit history - no judgments to prior landlordsPositive references from previous 3 landlordsNo eviction historyClean criminal background check – no feloniesAll applications must be accompanied by a non-refundable application fee of $25 for the first adult and $15 for each additional resident over 18 years of age.This fee covers the cost of the credit and background checks.Again, we encourage you to apply only if you are confident in meeting the qualification requirements.Applications will be processed in the order received, and the fee will only be charged upon processing.If the apartment is rented prior to your application being processed, we will return your application fee.We use TransUnion SmartMove for our screening process.Upon receipt of a completed application with fee, we will send an invitation for you via e-mail to complete the application with SmartMove directly – there will be no additional cost for this beyond the application fee.This process helps protect the integrity of your personal information.

I had instructed them to switch over electric, I haven't been able to verify that yet.

What do you charge monthly and initially to place a tenant?

They are not getting along at all due to his constant complaining and confrontations that were initiated by him.