I know my general contractors have their own coverage, but suppose I hired a handyman to install some doors and he accidentally hurt himself using his nail gun or something similar.

We even offered to put down a pet security deposit and even use a product called SoftPaws (a high density rubber cap that is applied to cats nails to prevent them from scratching things, perfectly safe and harmless, plus, its better than declawing!)

Specify this in your lease-- no wall paint, cabinet paint, nails in crown molding or cabinets, etc.

@Javier Diaz you hit the nail on the head.

At the end of the day - it's a fantastic way to make a living and the thrill of nailing the occasional $100k profit deal keeps the excitement there year after year

In cash flow markets, if you nail some appreciation, that is just the gravy, stay focused on one or the other, trying to get both and you may find yourself with neither.The largest obstacle for investing out of state is not having the ability to be there in a moments notice, managing property managers, and you having to rely on third parties.

Jason - David hit the nail on the head.

Jon you hit the nail on the head with Shane's devious plan.Another little tid bit to further implicate Shane and Daniels mutual understanding of the situation...

Willy can get and needs to get nailed and nailed hard!

(Jon nailed it on Cap rate saying it uses the 50% rule, for most people, since you must determine estimated NOI to get your Cap rate.)Basically use multiple metrics when determining the attractiveness of a deal to increase your margin of safety.