The damage is about $15k.I contacted our insurance and they are denying our claim, citing the following:collapse, including any of the following conditions of property or any part of the property: (1) An abrupt falling down or caving in; (2) Loss of structural integrity, including separation of parts of the property or property in danger of falling down or caving in; or (3)Any cracking, bulging, sagging, bending, leaning, settling, shrinkage or expansion as such condition relates to (1) or (2) aboveTheir reasoning is that the tree didn't fall directly on the wall itself, and claim that the basement was faulty prior to the incident.

But all that risk can be mitigated through market research, experienced partners, or just good old finding a good deal. 

This will help mitigate your risk of schedule delays, quality install and help build a good relationship with a quality contractor.

And may present you with some degree of physical danger and you may need to be armed.....can you handle this lifestyle for a few bucks?

Situation - we purchased a property with my daughter and SIL 3 years ago. We put up 1/2 down payment, they put up 1/2 down payment. Property mortgage was taken out by my wife and me - kids are not on mortgage or title...

For example, if they leave the dog alone in the unit, and it barks or howls, bothering the neighbors, or is aggressive toward other residents, or causes damage, these are all potential reasons that would justify forcing the removal of the animal in many locales.You can request annual updates of veterinary reports, and a letter from professional confirming the nexus between disability and the animal.By NOT establishing a policy in advance, you are left to shoot from the hip, which, in this business, can be very dangerous and costly.

Until now, my goal has been simple, get to 10 properties using conventional loans using umbrella loan to mitigate my risk. 

The problem is they don't know how to underwrite, vet the borrower, property or project, nor understand anything about mitigating risks and shifting those risks. 

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

The danger is that the tax man may say baloney.