They sign both and are given a copy of the reasons for declining (evictions, drugs, bad landlord reference, excessive collections etc).When declined, we send an email or form letter stating why --referencing our criteria -- you protect yourself and they usually do not contest your decision.

Excess losses will then only offset other passive income. 

I had accounted for maybe 6 months, but this seems excessive.

No evictions, no excessive damage to property.

They’re carriers have different appetites, so I have both bid it out and take the best policy available. 

Look at reducing the tax basis in the property for the excess recovery.

Lots of houses for sale there, plus builders have excess new homes due to not enough, then interest rates people backed out. 

Since the tenant's deposit goes toward covering any damage or cleaning etc, it's only the excess cost that impacts the maintenance rate.

The 75-75-90 rule is generally considered a positive for investors.You're right that some syndicators can charge excessive fees.

However, taken together, they add up to what I would consider excessive.