The goal here is to reduce liability.Consult an Attorney for Liability Options: An attorney could advise on setting up an umbrella insurance policy to add an extra layer of liability protection.

Then it will go to tax sale and typically back to the county.The mortgage company could try and repair the property to protect their asset but it depends.

This ensures you’re protected in case of disputes and shows your commitment to maintaining the property thoughtfully and responsibly.I know this was longggg, but hope it helps you or anyone else with this same question. 

And that includes wraps .. wraps done right protect the seller and you.. investigate that avenue.Have to agree with you Jay….good advice as usual  

Is there anything I can do to protect my investment?

Key steps to protect yourself as an Oregon landlord:1.

We need to remember that our job as a PM is to protect and build the value and cash flow of the property for the owner. 

You will need to completely cover all new flooring for protection as well. 

Trying to protect their cash from inflation or government appropriation. 

This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): supposedly equal to 50% of the market value of a property, not based on recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.City Assessors are charged with determining how much property values have changed each year.