Thank you for your response and we will definitely get it out in the contract so we aren't paying it directly.

You definitely gave me a fantastic glimpse into the investor-agent relationship.Best, 

@Mark Moyer You definitely need someone qualified, does not have to be a CPA, could be an Enrolled Agent or an attorney.

When you have a clear definition of the tenant base, you gain clarity on which strategies to pursue and can provide a better product to the market, which tends to improve one's odds of success. 

. $125 million payout in a class action lawsuit definitely says there is a problem with it! 

It's definitely worth a shot.

I'll definitely be spending a lot of time in the books for the foreseeable future.

My current tenants brought the issue to my attention about 4 months ago and I have not been able to find a GC to work with...don't return calls, wont do estimate if I'm not on premises etc etc....Tenant gave notice 6 weeks ago that they are moving out end of Sept, so tried some more GC and nothing.... then Harvey hit.....So now I need a GC to do a remodel at the end of Sept with me managing it from CA......at a time when the GC work is in high demand....I have a few other calls in but nothing definitive right now...... looking for other referrals....

With everything being updated you should definitely be able to get the higher end of the range (and maybe even a bit more). 

Yes, rental insurance is definitely becoming standard nowadays.