I also have more than enough reserves to comfortably stash 8 months of expenses aside in the event of vacancies.Since my investor is an older gentleman and looking to secure himself some passive income for a while, part of our private mortgage deal was that I can't refinance before 10 years, but also that I must refinance before 15 years.  

If you don't you've effectively reduced the security deposit you hold by $300.

I'm working on a package deal with an investor for a few properties.

Some only insure new buildings and others package investors with group policies for older buildings.Really  is a case by case basis for the property. 

Tenants should always have "skin in the game" namely the security deposit.

That said, a quick tip for DIY parts replacement if you choose to go that route... if you're uncertain about what is wrong and opt to replace parts as the process of diagnosis, start with the least expensive part first and don't un-package the control board until you're absolutely certain you'll use it, as electronic parts are often not returnable if the package has been opened.Good luck!

I would remind him to clean and leave the property in similar condition as move-in for his security deposit to be returned.

I need to start shopping local banks/credit unions to secure financing for my (hopefully near future) rental property purchases.

We are both fortunate enough to have secure jobs with good salaries and flexible schedules.  

The ipod nano is small enough to fit in a tool pocket that can be closed so that it's secure.