It better be enough to cover for a month of not having a tenant.

I had the same but it looks like more than one unit was affected so the complexes insurance is covering and they'll never allow a full loss of one unit.

One podcast recently i listened to mentioned that he self manages all his properties to save on the PM fees, but he has some sort of policy with the local utilities that basically gives his tenants a 24hr number to call if something was to happen to say a frig or hvac... he even mentioned it covered a clogged toilet..I am curious what exactly is this such policy he is talking about, because the way he worded it, it sounded like he took most of the headache out of the job with this and he just worries about getting new tenants and collecting rent... he said the policy was cheaper than just keeping a handyman on call to do the repairs.. 

First let's cover the two black and white scenarios, then we will get to the gray area:Scenario 1.  

From your profile picture, it looks like you have a family. 

I'm not sure what your whole financial picture looks like but what about meeting in the middle? 

Most videos and interviews I have watched so far give you the big picture and the scope of the work involved, but not the bits and pieces of the work involved. 

Read the by laws and make sure you check on things that the HOA covers to make sure they have funds to cover them.  

Just tell her you can't complete the application until she does that.I would not assume her seeming desperate means she is covering something up.

But, of course, with our mind set on building a rental portfolio, and the market we live in, it didn't make sense not to add an apartment over the garage to create cash flow for the mil to cover her expenses and travel as she's always wanted to.So, here we are, moving forward, plans in place, ADU permit acquired, ready to break ground and having trouble getting the Mil financed.First attempt was to get a Heloc loan, keeping it separate since she has a great rate on her first.