., CA earthquakes, flood zone), which are not normally covered by your DP-3 policy, you will want to obtain coverage for that specialized risk.Similarly, it is recommended that your loss of use coverage (lost rents) provides sufficient coverage to replace your rents for 24 months.

Or, a charging order may be granted.If you're going the umbrella insurance route, perhaps see if it will cover you for several things including just the routine slip and fall (like mold or earthquake).

After one bad experience in renovating one we have decided to avoid them in the future for the following reasons:- Difficult to access plumbing and HVAC- Difficult to wire electrical- Prone to foundation issues(Many in our area unfortunately have sustained foundation damage from an unusual earthquake we had here in VA about 5 years ago.)Bigger Pockets investors - What is your opinion / experiences with renovating and property managing slab houses?

They even put on new siding with OSB sheer walls installed to make the 2nd story earthquake compliant (this is in CA).

It had earthquake damage, was involved in the tenant/landlord lawsuit, and needed new truck doors, sewer work and some misc other improvements.

If you're going the umbrella insurance route, make sure it will cover you for several things including just the routine slip and fall (like mold or earthquake).

It really comes down to which types of risks you are willing to accept (tropical storms, tornados, earthquakes, droughts, snow storms, etc.).

I have properties around little Haiti/ lemon city.

The scary thing about having an investment property in southern CA is that a lot of people don't have earthquake insurance.

When involved in rentals, distance yourselves from your rental by using an LLC because it can protect you from frivolous law suits like slips and falls, damages in the units and catastrophic events like earth quakes, 100-500 year floods, fire and a list of other issues that may arise during ownership.If you hire an attorney, be careful, because most are after FEE's and can drag an LLC out for extra billing fee's!