Besides the rent and the costs normally associated with move out (cleaning, paint, etc.) the tenants are also responsible for marketing costs (which are basically zero as I do all the work myself and do not pay to advertise) and commissions that have already been paid, but these again are usually very minimal fees that are not really making any of my tenants think twice about leaving early. 

What is your risk tolerance?

@Damon Pendleton Thank you, I'm going to let them know we're strict and won't tolerate late payment.

Also Trump’s policies specifically targeted certain foriegn produced appliances like washing machines which are up 20% in price since January.

I'm a newbie in the process of getting my first 1-2 unit rental in the city of Sacramento, and I am wondering if any of the seasoned folks in my area know if these policies might affect 1-4 unit rental properties too, or just those with 5+ ?

I also have a rental property with State Farm and got them to consider my rental property for the multiple policy discount. 

The going rate seems to be about $1100.00 for a 6 month policy.

See what they are currently paying for turnkey rentals. if they need repairs, see what their tolerances are.

Appreciation is zero. 

The better way to protect yourself besides having and LLC is to have the highest liability coverage on your landlord policy and follow that up with a 1-5 million dollar umbrella policy.