The reason I hate this response is it doesn't take into account how much being in the game at any level matters.

Retired from a 10 year career in Corporate Finance and Accounting. 

I agree; however, i would pay them out of your business rather than your personal account.

Account Closed Many many investors living in expensive areas invest OOS, myself included.  

There are rules about what can be deducted and what can't, and when you have to provide an accounting of the deposit and any remaining deposit to the tenant.  

I assume I can easily NOT renew a lease if I am moving into the unit as owner occupied and the tenants shouldn't be able to fight it.Thanks for all advice and anyone who would like to connect online or in person for a drink and to talk REI.Scott

Over the years they have been late a couple months each year paying late fees, have gone through multiple checking accounts and have gotten shut off notices for utilities.

BP is a great way to network and keep yourself accountable. 

Account Closed Unfortunately not this time.

So I guess I am wondering why insure the property itself, seems like a waste.you're not accounting for the liability aspect. you have tenants, your liability insurance covers them.