@Samuel Ksiazkieicz and @Amy LuThere are various companies like foremost, diamond preferred, Aegis, North Pointe.. based on location, rental loss coverage, swimming pool in property or not, pets etc.; the rates are different for various locations.Normally, I use an agent; who helps to locate the  best price. 

Renting at a loss is still better than selling at a loss.   

It clearly won’t be enough for any type of liability medical care.Plus, it has ‘additional living expense’ in place of ‘rental income loss reimbursement’, and does offer personal property protection, of which there is none.

That's why a capital improvement has to be depreciated.IRS pub946 is all about Depreciation if you want something to read.Don't forget that while depreciation is a nice non-cash deduction, you do end up paying taxes on it when you sell via depreciation unrecapture.Also, you can do "all the deductions" you want, but remember they are passive losses (unless you have a tremendous amount of rental income to stay positive). 

I would lower the rent 10% or even 20% to get more interest and take that loss for 6 months or a year before choosing this application. 

Yet, the banks have decreased their staffing and/or lossed productivity due to compliance overhead.  

Of course nobody compensated him for the loss of rent. 

Maybe you can even take losses (more expenses than Income) but it is not sustainable on the long-term and the IRS can audit you.

@Nathan Christensen  Generally the depreciation expense taken each year will push you into a passive activity loss, especially in the beginning.  

Another significant part is depreciation, past losses and there are other components (again talk to your accountant).