It's affordable and can save you thousands down the road $$.What if a major issue pops up 3 months from now?

The risk is a couple months of rent vs regular insurance which covers loss of the house or lawsuits both of which could be hundreds of thousands of dollars or more depending on the situation.

One method that I used when I first started out (and I still utilize this today) that has garnered me success is sending out blind offers to owners.And I don't mean "fake eviction letters" or "prospecting letters" or postcards saying you buy houses.I mean sending out a letter with an actual offer price to the owners.I send out THOUSANDS of these.You'll get 3 responses:  1) Some will call you every condescending name in the book.

But,  I have seen big RE company that deduct thousands of dollars as an abandonment loss rather than adding those thousands of dollars to a new property, which would be wrong treatment. 

There are thousands of "high end" apartment building units under construction right now around Inner Harbor.  

They keep paying partial and partial and before you know it they are thousands behind in rent or worse.

Not 1 Currency over thousands of years has ever lasted, and they revert back to Gold/Silver.

So if you have 500 thousand dollars of liability on your auto, you effectively have 1.5 million dollars of coverage.

My property is a duplex and the following are each investor owned and non-residing rentals within 100 yards of my home:534 10th Ave Kirkland WA 98033 - 3B, 1Ba, 1300 sqft, rents for about $2,450/mo.1004 6th St Kirkland - 3B, 1Ba, 1150 sqft, rents for about $2,695/mo.These first two have both been owned for over 20 years, probably both paid off, cash flow great and hundreds or thousands of % LT cap gains. 

I'm not trying to be pointed, but if we are going to invest thousands, or even hundreds of thousands of dollars into a property and we won't spend $200 on software which will make expense tracking and tax time much easier- then I think we have priorities in the wrong order.