@Enyi AjokuNot sure what your lease states 1. but In Colorado I have a no smoking addendum which states “no smoking in or around premises including but not limited to cigarettes, hookah, incense, marijuana, etc. any evidence of such are grounds for immediate eviction, loss of held funds and liability for damages.2.

Our attorney has said since we moved out before finding the leak we cannot claim loss of use compensation.

Conventional is still better, for now, but my lenders are still in the mid-7's and upper 7's at par pricing, meaning no buy downs or rate adjustments.Flexibility - Many believe that rates will recover in the next 2-5 years... or thereabouts... the 3-2-1 prepayment gives a lot of flexibility compared to FRM lenders where 5-5-5-5-5 or 5-4-3-2-1 are nearly standard prepayment penalty structures.

Your landlord insurance will pay for loss of rent for the property being unrentable due to a disaster of some kind. 

If you put the property under a S Corp, the gain/loss would still flow over to your personal schedule E.  

When you sell, you just sold for a "loss" so there's no depreciation recapture.

My take has always been, just to make sure you are able to pay it back in case of job loss.

@Dillon LeRoy PollardIf you don’t have much money to invest this game could take what you have and leave you in a bad place—one which you are unable to recover from.There are many who will say you should leverage debt and credit but it is very dangerous.Seeing you are in Pensacola means that you have many good options to generate income through lower risk options.

In the 80's I saw people lose properties and homes with very little debt so debt isn't the issue, it is loss of income and cash reserves. 

They cannot recover the funds.