Why are these things in the condition they are in? 

@Joe VilleneuveHaving a better idea of the property condition in real time, controlling who moves in next door, maybe savings on repairs by combining primary and investment capex expenses (IE, a painter might give us a better deal painting both properties at once), really knowing tenant and planning for future lease extensions or termination.All arguable of course.

Need Valuations / Current condition / Pictures. 2.

We've made improvements to the home and it's in a far better condition than when we received it. 

In my experience, the foreclosure homes are in horrible condition and take extensive rehab.

Like I said, after Dodd-Frank looks like the banks are just good for a "vanilla" loan condition. 

I determined that, in the long run (assuming your properties are in good condition), you are better off with larger deductibles because the amount you save in premium should be more than enough to cover small occurrences that are below your deductible.

We do not want to renew the lease, since the house is in very, very poor condition and she is usually late with payments and the rent is way low compared to others around.

So, if you play your cards right, you could live rent free for over 4 and half months in Downtown LA.

Before, my fourplex was basically a crackhouse and only worth $32,500 in its past condition.