If you haven't touched them then I wouldn't be surprised that you have to strip them down and start over. 

It depends on the language in the policy, but I wouldn't be surprised if the policy excludes coverage for criminal acts - like assault and battery, which this appears to be.

Gee, what a surprise they had a roach issue.

A skunk can fit through a surprisingly small hole.

caveat emporiumSo having said this, what's the big surprise?

However, maintaining a cushion for those times when all hell breaks loose (the boiler needs to be replaced unexpectedly and tenants forget that paying rent is a priority) will also make your life better and allow you to make better choices (as in do not rent to any warm body...an empty apartment is much cheaper than an occupied apartment with the wrong tenant in it).Good luck

I was very surprised though to find out I lost money on a property that exceeded the 2% rule. 

@Mark Silberman frankly I'm a bit surprised you haven't already laid out a plan with your CPA.

Basically, when you go the TK route, you're paying someone else to do all the legwork- the weeks and months of property research, getting inspections, doing rehab, handling unexpected issues, marketing the prop and vetting tenants.

We got there and the instructors were almost surprised to see us there, we stepped into a room and they directed us to a different room because they "thought nobody was going to show up"..