One of the things we do and recommend to our clients is to purchase a home owners warranty to cover all of the mechanical, electrical and plumbing compenents.

Are the renters or the landlord expected to cover rent during the evacuation?

Quote from @Ryan Thomson: @Don Konipol an other option for the person concerned with "sub-to" is to get the bank involved and do a fully legal (no cover your *** paperwork needed) assumption.

Additionally, there’s always a risk that any pet-related damages could be hidden under furniture or otherwise concealed, potentially leaving us to cover the costs if the security deposit is fully depleted by other expenses (e.g., damages or unpaid rent).

Many lenders allow for low-down-payment options if the rental income covers the loan.You’re approaching this deal thoughtfully, but be sure to communicate the benefits of your offers clearly to overcome resistance from the seller's representative.

I THINK you could probably just expense your deductible if insurance didn’t cover 100%.

Any recommendations for Umbrella insurance providers for each partner to cover any liability?

Home warranties can sometimes cover rental properties, but it really depends on the specific terms of the warranty and the provider.

@Michael Lynch Hi Michael, I am in the exact same situation as you were with a grant on my home in 2nd position that covered downpayment and closing costs, 20% being forgiven every year.I'm curious about what you ended up doing or if you found a solution.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.