I tell people what my day job is and if appropriate I tell them I also buy and rent out houses. 

I do not think that the property will get appraised appropriately therefore I can still get out of the deal  with the appraisal contingency. 

If you do not have appropriate documentation, it will be very difficult to succeed in recovering the funds.

The agent will have the appropriate documents for disclosures etc. and will have attorney and broker backing. 

You just have to know what to look for and run your numbers appropriately.

Once those seven days pass without any remedy, you file a complaint, and a summons, in addition to the appropriate filing fees with the return address on the tenant's copy as the District Court, a court copy of the documents, and one extra copy per tenant. 

Some folks are able to put the pieces together and walk away with an appropriate commission for that.

He has a key for emergencies but otherwise I keep in touch with my tenants and schedule appropriately

Therefore, any additional capital can appropriately be used as means of reserves.

I’m not an insurance broker or agent just from my experience you will save a lot of money and if you didn’t know it increase your deductible when appropriate some of my rentals have a $5000 deductible just my two cents