Some look like clock radios, lights, or even doorbell buttons. 

@Rochelle Wilkinson, you truly do inspire me.As a newbie, I love to read stories such as these.It can be a scary thing going into this as a newbie just hoping to get decent tenants.For the most part I do have decent tenants, but those in one unit occasionally try to push my buttons, which I have done well to stand firm, but I cannot tell you how many times I almost feel like throwing in the towel because of these 2.I purchased the property and took over their lease, so they have been on property for a lot longer than I have owned it and try to push their weight around, not to mention I am a young investor so I think that sometimes makes them think they can push me around.Hanging in there though and thanks to people like you and all other BP members I can go about this not feeling so alone or like a fish out of water.Mistakes Landlords make (This may have already been mentioned, but these 2 I would say have been top on my list as I have not had issues with the screening or tenants paying):Skipping the routine inspections.I currently undertake 4 inspections during the lease term (move-in inspection; 2 in the course of the lease term and a move-out inspection).Some may deem this over-kill but for me, it ensures that I catch and address any issues sooner rather than later.Treating tenants like your buddies.You must be able to separate business from personal and know when to draw the line else tenants will walk all over you.

If someone, like yourself, were attempting this, then they are halfway to the 20 year mark required in Maine.Read up on adverse possession.You might just move in.

The reason for this, is that even though you reached them, they may not have a "hot Button" that needs to be touched right now.

Smarter minds than mind have done the research and calculate they will fulfill a need and make a profit at $1400-$2900 monthlyI have 3 condos in BroCo and try to console myself that my condos, which rent in the $800 $1000 mark, are not competing with that other demographic...that my tenants benefit from having these other renters become part of BroCo.

If so, I believe he can write a check to his personal account and mark it as Owner Draw.

I would suggest you give @Mark Ferguson a call if you have some free time.

Mark

Trying to have a policy at the 80% mark will likely get you into a problem in the even of a claim as the company will likely try to establish your position as being co-insured based on the then, present values.

Originally posted by @Mark Nolan:@Alex NgWelcome to Bigger Pockets.