It's not by accident, that happens on purpose.

Like all insurance, pay now through the nose, or pay after the accident out the other end!

That doesn't leave much for unexpected issues.

It's (how bad do they want it).When my father was killed in a car accident when I was just 16 years old my mom and I were left with next to nothing except an old house that was falling apart and enough proceeds to survive maybe a year on.I outworked physically many of the people out there having a fruit market job across the street from my subdivision when I was 14 years old.

That's not just the risk of vacancy, that's the risk of not knowing how to find and vet a property (not all distressed props are created equal and its crucial to know what to look for in terms of 'good bones'); it also includes the risk during rehab - if something unexpected comes up or you need to take time away for any reason and work needs to pause, that's additional time that you're paying the mortgage with no income.

How about an accident in the common area-parking caused by a tenant with previous DUI?

Rickey,As a new investor you want to keep all of your money in savings for the "What if Factor" meaning anything that comes up unexpected.

Just sayin'2) Maybe I just need to get out of So Cal otherwise known as the land of thinning margins, but down here guys would be salivating to buy property at 75% of ARV. 80% of ARV is getting a little scary because well you just never know if you planned well enough for the unexpected, and one expensive mistake could mean the difference between profit or a loss.

Especially thinking of how important it is to have adequate cash reserves, having an unexpected hit to your cash at closing can really hurt a deal.

Answering my own question, I did finally figure out how to reach Booking.com support, with a not unexpected 1 day turnaround time.