My concern is covering the turnover time, and I am trying to figure out how I can get that covered in the new short-term lease extension. 

How many units does it cover?

They accepted but on the condition that we buy the house as is and that we cover any difference if the appraisal came under $458,000.

However, I'm assuming this entails you managing the property and you'd need a few more units rented to cover the property management costs. 

Somebody correct me if I am wrong here, but the idea is that you are buying enough to cover the amount of damage you might incur. 

And yes, insurance will cover some of that but you'll have a deductible and it will cause your rates to go up.But probably the worst thing with trees is underground.

At a minimum, ensure all heating related costs and maintenance are covered by the landlords.6.

I didn’t realize this until just yesterday but I’m realizing I’m almost to the point we’re the rentals pay for all my wife’s and myself a student loans, mortgage payment and with adding one more rental we will have our car payments officially covered.

Smaller ticket items, think water heaters, toilets, vanities, shower fans, light bulbs, switches, river rock, vent covers etc etc.I also spent all hours outside of my W2 working on some aspect of the project from Jul 1 to Aug 15 (spent my birthday dinner sanding floors).

My first 3 properties were purchased in my name and I thought I was smart by purchasing an umbrella policy to cover them all.After reading as listening to advice on BP I see that I should setup an LLC and have a team (CPA, lawyer, etc) advising me.I wonder if anyone can share the team of Advisors they use, who they are (CPA, Lawyers, etc) and how they found a good one.