We have great tenants that more than cover our monthly PITI.- If we stay, and there is water damage... what then?

What this does for me, is allow me to have unlimited use of the funds, and only have to pay for them one time...so I can offer higher interest rates, since every time I re-use the funds it reduces the cost per use to the point where as long as the returns from that investment covers these payments, that initial cost of the loan was insignificant. 

It will also help if you can take some video and pictures of the problem. 

If you do it right (BRRRR) then you can pull all your capital back out, have your renter cover the HML costs, and possibly pull some tax free cash out. 

Unless you absolutely need to, don't take out the rents from either property until you have some working capital to cover unforeseen expenses such as a plumbing or AC emergency. 

What’s your email address so I can send you more info and send you pictures!

All my unit required was paint and cleaning.Loss of use was not covered under my renters policy since the unit was not occupied at the time of the fire and I had it under contract to sell.I was wondering if the association, owners, insurance company, or restoration company were liable for the excessive repair time?

Otherwise, if there's a hang-up, the new policy is issued before the old one is cancelled and refund received, there won't be enough in the bank escrow account to cover both policies.

And how well the Behr premium plus primer + paint will cover any remaining wood paneling color. 

For example, if I were to call a realtor about this neighborhood, what information should I be asking to get a clearer picture of which properties are good or not?