The garage tenant is really upset and wants me to pay to clean or replace any damaged belongings. 

You would want to try and bring in $1000 per month to cover the mortgage in case the unit is vacant for a month or 2 while search for a replacement tenant.10.Hire property manager?

You would want to try and bring in $1000 per month to cover the mortgage in case the unit is vacant for a month or 2 while search for a replacement tenant.10.Hire property manager?

I purchase and rehab - new A/C for the most part, new fixtures, appliances (if they need replacing), floors, paint, etc. 

I currently work for a multifamily construction company as a Project Control Engineer.

Do you recommend putting insurance to just cover ACV or replacement?

Now, figure replacing a water heater, replacing carpet, replacing an AC unit, whatever can go wrong with a house eventually will.

Asbestos can cause health problems if it is inhaled, so if you have any exposed pipes that are insulated with asbestos you should replace the insulation, however it is unlikely even that would cause a health problem.

It didn't work out that way, but I did manage to make it through engineering school (I was the first in my family to go to college and had to be my own role model).

We are thrilled to be able to provide our current tenants with renovated + safe access to their units, updated interiors, replace ancient HVAC systems and bring their roofs up to standard.