Hi Russell.Just the other day I received a fat envelop from the city with all the assessment changes for our properties. 

I have been investing in Dearborn, MI market for a while and one of the houses I purchased a few years ago recently got fire and completely burned.

@Nickolas Burns, there are a few routes you can take. 

What really concerned me was that it was reviewed and approved by their lender.I am seeing more rehab projects crash and burn due to lack of funding than ever before. 

@Jason Foy  It won't protect you from intentional damage by a tenant, but if the house burns down or a pipe breaks...it will. 

Symptoms of this problem can include:changes in the pH balance of your bloodlow blood pressureserious injury to the eyes, including blurry vision, burning, irritation, and in extreme cases vision lossskin damage, resulting from tissue injury with burns and irritation, said CDC https://www.cdc.gov/niosh/npg/npgd0115.htmlLong-term complications may occur after breathing in high concentrations of chlorine.

So yeah, it’s like tenant benefits from years of low rent, and on top of that they get a fat buyout as a parting gift!

In fact most people I know get to 3-5 units and either burn out and sell... or hire a PM company and stop growing their portfolio.  

Very convenient, burns calories, saves gas, and just dang fun!

If a kitchen is a little old but functional it will not return as much on rehab as a property that has a destroyed kitchen (cabinets busted, counter burned or broken, floor in real bad shape).