This appears to be a misuse of said contingency.

Most in BP, from many responses I see do not have to ability to navigate this.

The only real way to create a "warning" is to pursue them legally to get an arrest or to get a money judgment - both of which will show on a background check.Although, all the tenant rights advocates are pushing to STOP landlords from being able to consider criminal history in tenant screening:(

I'd love to get beat up on this thesis.

The insurance company sometimes has a lease they want you to use.

I would talk to the tenant immediately.

I often give guidelines to my tenants about what defines and emergency, what is not an emergency, and the the timeline to expect emergency vs non-emergency things to be handled. 

Its the best way for anyone to get started IMO.Will add that in todays market you might need to put down more than the minimum 3.5-5% in order to not be cash flow negative.

Are you getting estimates in DD to decide?

@Keonhee Cho1. to BRRRR you probably have to buy a deal off market.