The liability of accident vs $55 is nuts.

Learning from my grandfather who rents a few dozen units, he tends to help his long-term tenants out from time to time when they are good tenants.

You know that saying "Even a blind squirrel occasionally finds a nut"?

Sometime since then, they passed a local ordinance that leases couldn't be signed that far ahead of time, now it's either 9 or 10 months which is still nuts IMO.  

I would consider Farmers and Foremost (Farmers owns Foremost) as they tend to be one of the most investor friendly company's out there as far as the big boys. - Restrictions on dog breeds, - Restrictions on the numbers of properties insured with 1 company- LLC's or entities on personal policies,  - Vacant or properties to be rehabbed- Replacement or Actual Cash Value or Agreed Value, - Bundling policies for additional discounts- Umbrella policy requirements, do they allow other carriers?

This also allows you the right to keep re-entering the unit in September without any fear they have jumped the start date (and they tend too). 

I think this Wikipedia Article is a little easier to read and understand for myself at least, the IRS tends to over complicate their wording on EVERYTHING..Best of Luck!! 

You don't just have to do bare minimum stuff to get it up to code using renovation financing, you can put in hardwood floors, new windows, etc.They will not let you add silly things that wont add value (giant unicorn statue in the front yard, etc), but if it's something a reasonably intelligent landlord would want to put in, it'll probably be ok to include it in the reno because things that increase rent tend to also be things that increase value.

I have some capital and solid W-2 creditworthiness and am ready to do a deal or two in DC, MD, VA in 2018.If you bring some of the nuts and bolts experience of rehab project management, contractor relationships, etc. that might make a complimentary pairing. 

I just have my name nothing else.. no number no email.. people tend to stare at it a long time then google me..