Someone mentioned to me that it could be presented to bank for an amount and ask for a credit back for repairs.

Since the water use was variable and there was no water damage to the property, it would mean that there could not have been a water leak.

@Brian Orr Give me a little credit for starting my day at 3 am.

It's come time for me to sort out my insurance and I thought I could set it up on monthly payments and this might be a good way to help me start building a credit rating, but it seems that in general, insurance companies won't report to credit agencies unless it's negative. 

They were to get their own loan in a year, after raising their credit score from 540 with payments via EFT from his paycheck.

THUS, as long as you maintain a decent income/debt ratio, and keep your income properties at a break even level or better (after debt service) you can borrow on up to 10 investment properties on your personal credit before you need to get creative with financing. 

My property management companies in TX require 300k bodily injury and property damage.

That being said I currently have $10,000 and a poor credit score, I’m looking for advice on my next step.

I’ve got about $25k cash, $60k in credit lines, good contracting and industry experience (did multi-family portfolio management for a while) and no job (so no mortgage opportunities).For you MN folks, what’s the bottom of the “crappy but not tear-down” bad?

Charge company full replacement value of damaged items?