If one guy drops off the face of the earth you want to be able to have a good rep with another sub in the industry.  

I have been in this industry for a long time and helped a lot of turnkey companies with best practices. 

I understand the appeal and your philosophical approach to the situation, but in the end you’re in the relationship industry (real estate) so I’d say also consider that perspective in addition to the numbers.

It only takes one event to make that property a loser for the year.

I would love to go and hate to miss out on a great learning event.

I am new to investing (though have been in the new home industry for 29 years) and i just recently opened a self directed IRA of which I bought my first investment home.

Just saying they have depression , anxiety , or suffered a traumatic event in their past is enough to give Fido the green light .

I found that way to be an effective way to break into the industry.

If it is a covered loss, it's a covered loss, and you will get what your policy states.If I have an insured event, like a backed up sink that causes water damage in the unit, it's not going to matter to my payout whether the renter had a renters policy or not.

I personally hold 5 CFD's with values in the low 30's but  valuations in excess of 70K on each property.The reason i like the CFD's are that in the event of default, as a general rule, you don't have to foreclose, just evict which is much lower cost and more important to me faster.If the borrower defaults and I have to foreclose, I can turn around and sell the property again at an updated price.Since i only paid in the high teens for each of the notes, the downside is something I can live with.BTW, all notes are fully performing and I'm getting an average yield of 28-32% and have about 250 payments left.Final comment.