@Karen S.Always require renters insurance, it's around $10/month for a $100k liability policy for the tenant through a company like First American Property and Casualty.

There is a policy they go through in the sales process, but they can’t sell their voting rights, that way we prevent a hostile takeover and preserve the integrity of the investment and all the investors involved.

But the aggravation to the neighboring tenant is enormous I can tell.Also to add info for the subject, I do not have "guest stay" policy in the lease.

To go blasting through a damaged area you really need a crew you can count on.Another issue is that government (city) will usually move in quickly, security first, then hazards removed, safety inspections, then the public and owners come in.

As such, those owner policies are pretty inexpensive since the association covers the expensive stuff.

What's the status of your policy?

You should have clearly documented policies on how you process and evaluate each application you receive.

In fact, it depends on the type of property you are involved with, you don't need one to buy a house under a commercial loan, 32 apartments, it would be better if you had a plan, showing vacancies, market aspects (which would be a paragraph, maintenance schedules, written policies, lease to be used and soon along with a 3/5 year pro forma.

It costs more, as it's a higher risk policy.

@Trevor Rutherford HUDs policies are national as Bill Gulley said.