The PM isn't making much money on the 8-10% PM fee and they are banking on repairs, turnovers, evictions, etc..The PM will tell you it was an emergency because water was leaking behind the walls and they stopped further damage from occurring. 

I'm working on a direct mail list using unpaid property taxes and It occurs to me that in the area in which I am searching they don't assess a late fee until the calendar year ends.

I am a new home owner in an up and coming neighborhood near Denver, CO where there is a lot of gentrification occurring.

I am looking into buying a property but it has one of those old steep staircases circa 1890sIf I carpet the stairs and put up bilateral rails am I still on the hook for personal injury if it occurs?

He says cleanup/touchup will be occurring next day or two.

It occurs when you have UDFI, Unrelated Debt Financed Income.

Rent could increase if any damage occurs at the property, even if it’s not your unit. 

A change will occur. 

Do we need to have liability insurance as a landlord in case of tenants sue you for any incident/accidents/injury? 

However don't over leverage your properties, when the next economic contraction occurs they will all lose value and you could creep over your loan to value and be required to make a capital call.