After she was served her 24 hours to vacate, she took a $200 microwave, left the unit extremely dirty, damage the carpet with paint (on purpose)....long story short, her deposit was only $1000 and damages and stolen property came out to about $1500.

Knowing that the building was high on a hill, about fifty feet above the water, I started doing research and found the following, which was later confirmed by my lender that we did not require food insurance.In my case, just because a properties address is designated in a flood zone, there can be buildings on the property that do not require the insurance.

My rule is problems related to temperature, water or fire all get immediate attention.

@Nick Colvill In addition to rent rolls and copies of the leases, you could ask for each tenant to fill out estoppel certificates to verify rents/damage deposits, etc. 

.”, any damages you might win likely will be strictly work paid for but not done, assuming this was very clear in your contract....you likely won’t be able to collect for any indirect costs....carrying costs, time, opportunity, lost rent, etc. 

In fact, things like smaller stoves & water heaters are more expensive than full-sized if you need them.2.

NOT MUCH.. but it does keep from having call backs and if there is a water landing they know they have insurance.. at the end of 10 years our builder warranty is up.. and then on top of that I Pay 30k up front for a project policy that covers all the houses in that particular community for 10 years as well.. this is for 1 mil and basically its used to hire attorneys if we get sued for builder defect.so in essence on a new build we are paying on the 25 house communities we built the last two years total of 50 homes.. about 110k in insurance to cover us for 10 years.. the issue is the subs get sued first then the GC then me the developer  but subs being subs 6 years from now they are out of business or moved on so then its the GC's insurance then us.. 

Water/sewer alone are eating up $500 per month, which makes all the difference.Any input on the numbers and what you might consider doing would be appreciated. 

The roof structure was caving in, the dormer was not put in right and showed signs of leaking, floors where very oft needing a complete replacement, furnace and water heater was under water and now needs to be replaced, the downstairs basement had signs of mold.The positive side of things was the lot, the lot was very large.So my question to the community is(1) Is this normal in foreclosure property?

Also, in the event there is damage to the premises that the current owner is not aware of, how do I know what the condition of the property was prior to the tenants moving in or if they are trying to recoup their security deposit by claiming that the damage was there prior to the tenants moving in?