I don't put it in the categories of paranoia as I had a few frightening incidents myself.I moved to a new town after a job move, and a few weeks later the doorbell rang, and I don't know any one in town.

The money is in the account each month on the first without incident from the 3 housing authorities that I am actively in contract with.  

It is my understanding that any 1099 subcontractor must have a workers comp policy, or I could be held liable under my worker's comp policy if their is an incident, and I would need to pay a premium for them on my policy regardless if there is an incident.

I've never required a security deposit and only have had a few small incidents in the last 4 years, one of which was resolved by the guest admitting their fault and making restitution, and 2 in which Airbnb refunded me for a damaged couch and another for a stolen watch. 

Hi folks,
We wanted to get some advice regarding a situation we have at a rental property we own. In mid-August, we unfortunately had a fire in the attic of the rental home. The tenants living there called the fire d...

These were all separate incidents.  

We've been doing this for several years without any major incidents.

In fact our large high end home has had the tenants transition nicely, without incident, & we where not even in the country - TWICE!!

Keep in mind that you'll all have to chip in each time an incident happens, the HOA has no funds on hand, and boom, another special assessment.I haven't check into it, but couldn't you get it covered under you own condo insurance, have them cover the deductible?

If the tenant told you about it before the incident, it should have been fixed.