I have subsequently learned that for a minimal fee, you can add a rider to your insurance policy to protect yourself, should a leak occur.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

Home Demand IndexCompared with the springtime peak in April, the Index was 13 percent lower with most of the decrease occurring in July.

@Michael Deignan - Just adding you to the thread since you may have an eviction occur in Worcester. 

Negotiations occurred between buyer's and seller's agents.

It's like driving a car, there's a chance you can get into an accident, but you drive carefully and pay attention to what's going to minimize that bad result.

BRRRR in a different order.3) Rent it out again, as is, use the property's cash flow on major issues when they occur, then after a few more years refi when it's in better shape?

People may think of the liability factor here but if you have a solid liability amount on your property in addition to possibly an umbrella policy you should still likely be covered in the event something occurs.

Section 92.0135 of the Texas Property Code states that if the landlord fails to provide the required notice and a tenant suffers a substantial loss or damage to their personal property, then the tenant may terminate the lease by giving a written notice of termination to the landlord no later than 30 days after the date the loss or damage occurred.

It helps to develop relationships before problems occur.