Be prepared that there is often a lot of unwritten policy in terms of how the code is actually interpreted and enforced. 

I'd also suggest buy an umbrella insurance that'd cover you for damages beyond what your normal insurance policy could cover.

I was, however, very worried about the local Housing Authority policies regarding implementation of the HAP (Housing Assistance Payment) Contract.

If not, then I would insist that the tenant have a liability policy that covers his dog and you must be listed as an addition insured.

This may be because they do have more privacy to trash the place, and there is more square footage to trash per unit.You've discovered the podcasts; my other advice is to stay active on the forums, start thinking about what you want your landlording policies to be (don't just focus on property selection, but what you'll do after that), and set up some key word alerts to hear about the geographies or topics you are interested in.

The older buildings and value add type properties are generally underwritten with more risk hence the higher policy cost.

Same goes with inspection request items, if we are fresh on the market and get a quick offer, we will only repair safety items or super legit stuff we may have missed on our renovation, if we have been sitting on the market awhile and the buyer wants the electrical panel labeled...

My recent tenant asked about the pet rent policy ($250 deposit and $25/mo per pet).

Your contractors should have their own policies that cover damaged/stolen materials throughout the construction process, but if somebody vandalizes the building or injures themselves on the property, you would be open to liability or cost of repairs.Hope that helps!

We have a $1M liability policy on each individual property.