I don't have LLC's.Ive had two big experienced with lots of insurance related problems this year sofar, first time in 4 years of investing, one of my properties I had a young child get burned by hot water in the bath tub, the burns were very severe and short story the child was airlifted 2 hours away to a burn center and spent 5 months at the center. house was a hud section 8 home, and and found myself in several lawsuits, from the tenant, the housing authority, and CPS and when it came down to it my insurance did not completely cover the judgement(s).

Your landlord could send you a bill for the rest of the rent, which would be due immediately when you break the lease in most cases, and if you do not pay, could take you to court and get a judgement against you.

When a deliquent homeowner sold on a short sale, or someone settles a judgement for less than owed with a Creditor, they receive a 1099 for INCOME earned in the "short" amount.

I have sold liens or judgements at a premium to people with an interest in the property that wanted the lien or wanted to redeem after a foreclosure judgement in my favor.

What if it's snowing, raining, or late at night and they smoke inside instead of wanting to go outside?

Mine have been on my own home for three years and survived some of the heaviest rain I've ever seen this year. 

If She doesn't have money to pay the rent, you will not get anything from an Eviction except a judgement.

Sounds like the buyers agent may be inexperienced if they didnt point out the condition of the roof to their clients before making an offer.Russ,  Oregon Washington coast houses get the living you know what beat out of them.. winter storms with 100 plus mph wind sideways rains cold .. ugh.. those houses take tons of maintenance to be in decent shape.

PM's initial dispossessory affidavit only asked for the 1st month rent, late fee and court cost, as that was filed in Feb and that is what the amount of Money Judgement granted. 

The only thing I know is that the house has been recently renovated and looks like from the photos it doesn't need any major repairs, I could be wrong but if you could show me how to calculate CapEX that would be great.)Mortgage: $591 ( Buying Price: $95,000 and I put 20 % down so $19,000 )Flood Insurance: $60 (This neighborhood always floods when it rains so I am a little nervous If I were to invest in this property, but I am just practicing my analysis.