Keep in mind if you shopped around to get a cheaper policy, you may have bought a policy that creates loop holes and might expose you to liability.

(Also look into the FHA 203K loan)Another benefit to going with a multifamily is that it can "boost" your purchase price using 75% of the other income to help your debt to income ratio... so $1000 rental is worth $750 to offset any PITI payments.

And if this were the case, $25/month would not come close to compensating for the possible costs associated with a tenant's pet.Obviously there are ways to protect yourself from liability regardless of the source, like LLC status and a good umbrella insurance policy.

You will also need a commercial insurance policy. 

If they will not insure with your current policy do not allow the animal to reside.We charge $30.00 per month for each pet.

And the landlord is not wrong valuing criminal offenses based on the nature of the crime - in fact, HUD requires this now since blanket policies are no longer acceptable.

Multiple issues with tenants violating their leases but our NO PLAY NO PAY NO STAY policy is somewhat working. 

In the absence of title insurance--which is not available for a quitclaim deed--the person receiving the quitclaim deed has no legal recourse because the deed itself states that only the interest of the grantor, if any interest exists, is conveyed.Whether title insurance terminates by transferring real property depends on the type of policy, and how “insured” is defined in the policy.

Cheaper when starting out to get an umbrella policy.

In fact in one town some old multi-unit properties being 'sold' at the tax lien auctions are often re-zoned to SFH, no exceptions.We also find that our insurance carrier will not cover a multi zoned SFH as they require legal zoning 'use' to place the policy.