I can get 95% occupancy on my 1BRs and there is almost never any damage aside from linens and towels and the occasional little things.

If the apartment has apparent damage from the pets, we'll send the tenants a non-renewal letter instead of our 'welcome' letter and we offer to let them out of the lease early.

They haven't even been allowing rebuilds from storm damage and are mostly NOT renewing leases. 

The recent freeze did a lot of damage to their plumbing to their home, and at this point they feel like the home isn't worth continually fixing. 

The more a tenant insists on using the deposit as rent, the more I would assume there is hidden damage.

If they do damage them charge cost plus 50%.

Of course, that assumes the LLC was written correctly and you managed the corporate formalities correctly, otherwise it is just window dressing and does little to protect you.An umbrella policy is typically customized to your specific needs and rates vary based on your exposure. 

Initially I had considered using this property as a rental, which it is still viable for since I am getting a great deal, but after doing calculations and seeing that my monthly taxes were higher than my principal, interest, and insurance combined, I want to reconsider making it a flip.I am originally from Lancaster, PA and have family and friends there, but I live in Erie PA and will have to manage the project from afar.I am looking for strong recommendations for general contractors in Lancaster, someone who is accustomed to working with investors/flippers and can work with minimal supervision.Project is a 3 story connected row home, brick, built ~1900I want to:Replace roofRemodel kitchenIncrease size of 1st floor bathroom some (I can barely turn around inside)Repair/replace interior doors which are damaged.Refinish or possibly replace all exterior windowsLVP floors in homeHang drywall/sheetrock over damaged plasterUpdate electrical/wiring (potentially knob-and-tube)Remodel 2nd floor bathroom.Consult adding potentially master bathroom (adjacent to 2nd floor bath)Paint interior/exterior (exterior has chipping paint, likely lead).Any other maintenance or problem issues discovered along the way.Please reply or message me with any information you have.Thank you very much!!

In reference to @Peter Walther post about foreclosure, the following is copy & pasted directly from the State Bar of Wisconsin Form 11-2003 Land Contract:"Purchaser agrees that in the event of a default in the payment of principal or interest which continues for a period ofdays following the due date or a default in performance of any other obligation of Purchaser which continuesfor a period of days following written notice thereof by Vendor (delivered personally or mailed by certifiedmail), the entire outstanding balance under this contract shall become immediately due and payable at Vendor's optionand without notice (which Purchaser hereby waives), and Vendor may singly, alternatively or in combination: (i)terminate this Contract and either recover the Property through strict foreclosure or have the Property sold by foreclosuresale; in either event, with a period of redemption, in the court's discretion, to be conditioned on full payment of the entireoutstanding balance, with interest thereon from the date of default and other amounts due hereunder (failing which allamounts previously paid by Purchaser shall be forfeited as liquidated damages for failure to fulfill this Contract and asrental for the Property); (ii) sue for specific performance of this Contract; (iii) sue for the unpaid purchase price or anyportion thereof; (iv) declare this Contract at an end and remove this Contract as a cloud on title in a quiet-title action if theequitable interest of Purchaser is insignificant; (v) have Purchaser ejected from possession of the Property and have areceiver appointed to collect any rents, issues or profits; or (vi) pursue any other remedy available in law or equity.

You don't need every outlet checked in the property, but it is good to inspect for major issues like signs of water damage or foundation issues.