Which our tenants did not have at the time of the leak.Going forward:  Waiting for a call back from the insurance company to see if it is possible and cost to increase the mold mitigation cap on the policy for any future claims.Changing the wording of the Renter's Insurance clause in the lease to state proof of coverage with the landlord listed as an interest is required within 48 hours after the lease is signed, prior to the keys being handed over.  

I am very interested in purchasing tax liens, fix and flips and turn key rentals ( where there's a property manager in place).  

This has been a learning experience and so far my key takeaways are:I don’t want a second job as a property managerI don’t want to be a general contractorI'm a bad CPAI love it when other people do work for me.I currently reside in Santa Monica and would like to own in this area, but I’m heavily leaning towards outside markets for higher long term cash flow.

Welcome Ali, I live in California as well and was recently given the opportunity to purchase a turn key in Az.

It's like getting the keys to the kingdom.

For example, you set up key word alerts. http://www.biggerpockets.com/alerts

Realtors provide a key role to this type of investing and even if you end up getting your own real-estate license, you'll still be working with realtors.

I'd work with a property investor who can find, rehab, and manage a property for you similar to a turn key company but on a smaller scale and better cash flow. 

I take notes, get ideas, and relisten to key information.

I am looking to buy in Memphis (38115) from a turn key provider.