Not a lawyer, I am an insurance guy, this is not legal advice nor is it telling you how your policy will react... its food for thought based on a standard policy as defined by the insurance industry.The fact that is a commercial vehicle is probably a good thing as it means higher limits for the negligent party.

Of course you have to define what is considered basic repairs.Like Robert says what is written on an agreement.

I only plan on utilizing an LLC if I get pretty big where the cost could be bearable for whatever benefit you may receive ("big" isn't defined yet, but a ways away).Either way, now you've heard the arguments on both sides. 

If you don't have this defined well and initialed by the tenants signing the lease, you will have no chance of getting a judgement on this amount if it came to this in court.

I'm working on a research report and looking for a reliable source for the size of the non-performing and sub-performing residential mortgage loan market in the U.S. defined by either value of debt or amount of loans.

One is because of the character of the homes in the neighborhood many of which were built around the turn of the century.  

I wonder how you define good deals? 

The character, location, present state of the land, and theuses to which it is put are evaluated in each case.

If you are going to "keep the really good ones as rentals", define what's good for you.(4% return or 20%,Brandon of biggerpockets says he can get 15%).  

I would suggets defining these areas and developing a weekly plan for each aspects.Do the same for Buyers as well.