Turnover is the largest expense in rental property.

A SFR is way less risky than that.3) my REI who have around 1,000 units carry between $3M-$5M limits.  4) I personally insure 7,000-8,000 units , with the largest settlement to date being $50,000.Hope this helps reduce your fears of reduce your fears of owning some rental properties.

The building is subject to rent control.The unit that is vacant is my largest and highest priced unit.

A side benefit for the landlords is they end up with longer term tenants too.When a tenant has to write a check each month for their largest monthly expense it makes them think every month about "what could be better or cheaper out there", or "should i move in with my cousin to save money".  

It is our largest purchase that goes down in value.  

I want to make sure I don't do something stupid or, worse, illegal.thanks,DannyBefore getting started, I suggest contacting a realtor in your area that does leasing or looking up on Craigslist for your area to see what are typical lease terms...In order to get the largest possible applicant pool, you generally want to use terms that are common in your area (ex. term, security deposit, pet deposit if any, etc.).(1) No, no need for a business account. 

@Atwan Kwan,My accounts fluctuate, but usually my checking has the largest balance.

i appreciate the folks who replied with their view that this issue isn't a big deal and should be OK for landlords, but as many folks have said there are few, if any, business that don't look to capture the largest pool of applicants so they have a better chance to find the best candidate.  

.- DevelopmentBakersfield is developing and re-developing some of the largest commercial projects.  

I suggest Chicago - I did not see it on your list but it is the 3rd largest metro in the US with nearly 10 million residents, 42% of whom are renters.