I am sure  there is excessive wear and tear.

It seems to me there are a multitude of options but this has been the winner in my mind.Pour all your excess income into your student debt until November.

We don't concern ourselves with them, we care about the excess making us money.

Did you offer to help him out and take some of his excess leads?

It may be as simple as poor grading around the foundation.More likely, there is static pressure against the foundation from excess moisture in the ground.

7500 seems excessive and I don't think I would have felt comfortable with it.

Not only would I be insured that my mortgage is payed (as long as I don't fail classes) but I could also acquire additional revenue or equity from the two tenants, and use any excess money to create a safety buffer say 6 months of mortgage and utilities, for when I am not in school or a tenant leaves, damages etc.

My company's portfolio is worth in excess of $80m, primarily large-scale rental complexes, and they require all of their tenants to have renters insurance.

So we pay title company > title company pays loan, and if there is any excess, this goes to the seller/original borrower.Assumptions, while they still happen, are much more rare in my experience. 

But the truth is I budget conservatively and would rather have excess reserves than be scrambling to come with cash when expenses come up.