After we get this house and Apartment (detached 1bd over the shop at the back of the property) renovated, we will do a cash out refi and then I'll be going full time on my own as a remodeler/flipper/GC.

Even is the store is not the one they shop at >80% will go to gift card store for 'free' food.class C's $25 - $50 gift cards to local restaurants / fast food place.class D's $25 to local convenient store.

I talk shop for free!  

Bound to be alot of hard money lenders in your area shop around.

I am currently shopping for an accountant and have gotten few quotes.

Thank you both for your valuable input.Yes, they do have renters insurance which is part of our lease requirement.I believe they wanted something for damage to their rug and TV damage.Here is what my thoughts are:As @Jeff V. mentioned, I agree that it is mechanical problem and it should not be our responsibility other than removing water. otherwise there will be sense of entitlement going forwardAt same time they are nice people and I do want longer relation with them.So I am thinking that I should give them option that I can use shop vac to remove some water from rug and loan them my space heater for some time , so they can resuse rug.Sounds reasonable? 

Hi,Any tips on shopping for landlord insurance?

Definitely shop around.

Congrats.....happy shopping this weekend...

Of course if you own at least one camera and it may visit a job site and possibly get installed at least for a period of time who's to say it doesn't need to be removed and sent to the shop for repairs now and then.