(I did not find a definition for “demand” in the law; though, such definition may exist in another section/chapter that may be applicable “globally.”

This is an old trick in the insurance industry:  If you have a risk that you no longer feel good about, find an opportunity to cancel. 

Posting the property and finding/screening tenants?

If you find the house is a dud, sell it. 

If I'm understanding correctly, for a cash refinance...If you buy an investment property, fix/repair it, and get a higher appraisal, you can then take the $ difference and put a down payment on another investment, etc.If so, are there tax implications with a cash refinance?

If any I want to see if I can find any good deals.

I'm going to do it with him too soon i just need to find time to sit down and do it.

Although the odds of something bad happening are slim.....stuff does happen.If you could find out who is in charge of this you could at least sign sort of agreement regarding liability....?

Hi @Kevin RockUse the Find a Lender search on BiggerPockets, then call each one and get a term sheet.

Had a nice positive cashflow until approximately 1 year ago when I had increase in property tax and HOA, plus had  insurance increase, which decreased my cash flow to nearly $0.