I believe it is my responsibility to insure that any landlord fully understands the type of individual they are screening.

We just went under contract on a 284 unit deal in Houston, TX.We used a local attorney for the PSA (purchase sale agreement) and who was familiar with local laws and customs like using the Texas equivalent of an ALTA title insurance, etc.Also keep in mind that for commercial projects, a large (6 figure) deposit will be required and in hot markets a portion of it will be non refundable.

My fiancé owns 5 rentals and doesn't carry insurance on any of them.

I recall from my insurance policy in NC that I could go 90 days with a property being vacant as long as I was actively marketing it for rent or would be.

They'll deny your liability  insurance in a heartbeat for the kind of peeling paint issues we get down here.

I currently work in the life insurance industry and I am still shy but that is something I have to overcome. 

A 3 or 4 unit must also meet the self sufficiency rule (75% of total projected rent must cover PITI plus mortgage insurance).

Kind of like an insurance company, they use the pool of money from their customers to pay out in the case one of them runs into issues.

I pay mortgage, taxes, insurance, repairs, management, etc.Account B: Tenant security deposit is held separate from all other funds to ensure I don't spend it.Rent income should be more than enough to cover the mortgage so why are you putting money into the account?

If tennats want changes you must insure that lisenced contractors are used and supervised by either th elandlord or their PM.Never allow a tennat to do any work, not even painting.