@Alex Mayberry I second @Kevin Hoag comments and would add the following comments.Water damage should not have a limit listed.If you want sewer back up, consider raising the ded to $500 or $1000You could delete Medical Payments. 

It could be argued that it is an unlawful application fee. 

@Hament Raju MahajanHere is the ADU code for city of San Jose, where it requires the owner to certify as follows:"Application - Owner Certification.

I know Indiana has a small claims limit of $8,000.

There is a very limited geographic region that allows vacation rentals.

We, as RE professionals can limit exposure for ourselves and our clients by implementing prudent due diligence on tenants; by ensuring our tenants are properly licensed, operating within the law and keeping their operations to code the changes of the DEA / DOJ seizing assets is (in my opinion) next to zero.

Usually with enough notice you can make some changes to the lease, you would have to check your lease to see what limitations there are, if any. 

This I think is what really limits not licensed people from getting into management.

Research Proposition 13 limits tax increases to 2% per year.

If you own the properties free and clear and you want to ull cash out within the 1st 6 months of being on title, then you limited to the Delayed Financing rules with Fannie Mae.