Worse still, if you experience another loss in the near future and make another claim your insurance company may drop your coverage.

If not;  they are probably not losing enough heat to make insulating them worthwhile.Thanks Stephen - yes, they do feel warm, so I'm sure I have some losses.  

There are some policies (I forget which ones off the top of my head) that allow you to sue the tenant's insurance company for damage or loss arising from the tenant's misdeeds.

If you can't do that, I'd say you got an expensive experience from your loss as to dealing prudently.

you can always 1031 exchange the property for a new one and keep moving up from there. you can also take your profits to invest in a buy and hold and then use the losses at tax time to offset the gain.

Pete, your three justifications aren't necessarily true or prudent, your "investor" is in at 100% LTV, being fully leveraged is a concern when you have vacancies, what happens if you have an insured loss where the property can't be leased, loss of rents doesn't go forever and may be lower than actual rents?

No IRA...........still have 450,00 that I cam use for losses against capital gains in the next five years.  

With so many responsibilities as a single mother, full time student, part time worker, business partner not pulling her weight, an agent not getting back to me about being his assistant and helping him find deals!!!!!  

More average areas they like to see 1.4 to 2 percent rent ratio.If you buy a marginal deal to resale you might have a loss or have your capital trapped and become an accidental landlord for awhile until you can get out of it.

The truck is great for quick hauls when you didn't plan on it, but the trailer wins hands down on ease of load, unload, weight capacity and the ability to leave it behind.