How do you determine if a fire damaged property is TOO far gone?

Just make sure they aren't robbing from you with the ultra-low management fee by socking the guests with exorbitant booking fees, damage fees, etc. 

Depending on what caused the damage, your insurance hopefully has "loss of rents" coverage... 

And in a case of gross negligence, punitive and/or exemplary damages can be as much as 4X actual damages.Translated:  If a child, or even an adult, is seriously injured or worse in your pool with no fence, they will come after every penny that you've got.  

Is there any insurance of those types of damages, like Lemonade for example ?

To me it is about dressing it up if you are going to sell. 

It probably varies state by state but here in Texas renters policies cover $100,000 minimum of property damage.

If you do that, make sure to tape up protection on the walls, etc so sparks and flying metal dust don't damage your tub/walls.

I strongly recommend that Renter's Insurance with Landlord as Additionally Insured coverage be required of the tenant; it's inexpensive and it is there should the tenant damage your property so that repairs are made prior to departure and a security deposit battle.Hope this helps - and please look into lease preparation services in your community. 

Travis WestCIEC - Certified Indoor Environmental Consultant, Certified by the American Council of Accredited CertificationsMAC0325 - Licensed Mold Assessment Consultant, Texas Department of State Health Services Keywords: toxic mold, black mold, water damage, mold remediation, stachybotrys, mold disclosure