What this means is essentially the only thing you'd be able to file an insurance claim for is a total loss on the house.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris scam and/or Morris Invest fraud for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

I have a potential tenant who is a psychotherapist for medical professionals.

After the rate cut, they claimed that they thought could do around 3%.

Plumbing is the unspoken frontline of the medical industry, we used to have cholera and other outbreaks all the time before sewers and drinking water were kept from cross contamination. 

If tenants don't pay water charges required by the lease, you can take them to small claims court in the City.

In that period I have filed 2 claims and both of those were for barely over my deductible. 

Said another way, since the main way you get high Rent to Price ratios is by having low purchase prices, the data doesn’t back up the claims of buying for the 2% Rule or those cash cows in C-D class neighborhoods.

I am doing 2 QT's right now in SC.Can cost from $2500 to $4500 at least around here.I have also cleared Tax Deeds by finding previous owners and getting Quit Claim Deeds from them, and a mortgage release if applicable from an old mortgage.

Seller is claiming an 11% cap rate.