You'd be short $500 on fixing the damage. 

Typically, business interruption insurance is triggered by a direct physical loss or damage.

Purchase price: $55,000 Cash invested: $80,000Duplex- It had some fire damage in the kitchen, so were weren't able to obtain a loan from the bank.

None of the jobs are big enough to sub out, so expect to be touching up paint, fixing flooring, adjusting downspouts, confirming that the stain on the drywall in the basement is black mold or actual water damage, etc.

There are annual inspections and if tenants damage your property and cause you to fail the inspection, they will immediately stop your rent payments until YOU fix them to a satisfactory level.  

The landlord used the damage deposit and last months rent that was paid at move-in to cover the tenants rents for April and May.

If anyone knows of a reputable company please let me know.  

@Villy Ellinger To date, I have not seen any category of rental (STR, Commercial lease, multi family) able to trigger Loss of Rent coverage under their insurance policy.Typically, business interruption insurance is triggered by a direct physical loss or damage.

I do not want my new units to be damaged by this and looking for a solution Cheers, Yuriy

I'm talking like 25% or lower, like a property listed at $1m that someone closed at $750k without there being some kind of major structural damage found in the property.Any tips for coming in super low that you all have found to work, or at least, keep the negotiation table open and hot?