Make sure up date light outlets and switches as well as door hinges and handles.

I was told by my insurance agent that a % of loss of revenue can only be covered by insurance until the property damage is fixed, which could pre-date the return of essential utilities.

Looked at tax assessor roles, verified date of sale matches your documents and transaction amounts fit? 

That way it can cover any mortgage, monetize and when you want to come down just remove the listing dates and enjoy.

Michigan has no laws about late fees, by you need to check your state & local statutes.Conceptually, if you don't have a solid Late Fee policy, you will eventually get taken advantage of.What we do as a PMC, much of it automated:1) Rent Due Date: first of month- Don't ever modify this as too complicated to track!

In regards to your EMD (from what I've learned so far) If you are within your inspection period still &/0r have some sort of clause in your contract stating ( “buyer has the unrestricted right to terminate contract with a written notice no later than ( inspection period date) than you have proof.

When does the rate cap expire?

Another potential question to ask would be if they use a comprehensive property management software and if they stay up to date with technology.

If you mean they want to sell but want too much because of sentimental value, maybe leave them a LOI with an expiration date and let them think it over.

If insurance won't handle it, then I recommend you document it heavily with pictures, dates, etc.