Your Tenant still needs Renter's Insurance to cover their personal property, no matter if SFH or condo.You should also consider the individual coverages offered as options with your policy, such as sewer back-up, ordnance of law, loss of rent, and equipment breakdown (usually just for heating/cooling equipment).

Never, Never Ever skip the background check... had a prospective give me a song and dance about how they could not complete the background questions due to identity theft years ago and it hasn't cleared up...

Some identical looking deals on the glossy presentation level can quickly unravel during closer review of the contractual details and become drastically dissimilar on downside risk ratings.

You should be able to find one that allows you to customize the application a little, lets applicants attach documents like picture ID or pay stubs, and that gives you a full report like identity verification, address history (match against what the tenant reports), full credit report with score and activity, criminal history, etc.

Also If the equipment has been sitting idle for awhile so you need to do extra safety checks?

You should buy the equipment and call an electrician to install it. 

I was working logistics for an Agricultural equipment company prior to working full time as an agent and I was always frustrated because a lot of my time was being allocated to work and my other responsibilities.

You will get more efficient  with each remodel, you will be able to correctly know what equipment and supplies will be required for each remodel. 

Aloha,I really would be curious why so many LL's have had such awful experiences with laundry equipment.

Thousands of homes in TX, LA, & FL are dealing with flood damage right now that are not in flood zones.Workers Compensation coverage if you have anyone on payroll, any subcontractors that do not have their own coverage, or if you have any Statutory employees (most common would be realtors).Business Auto may be needed depending on the ownership, size, type, and use of the vehicles used to service the properties.Equipment coverage may be needed if you have Tools and Equipment you use to maintain the property such as Tractors, Bobcats, power washers, generators, etc.Builders Risk policy could be needed if you are renovating a property before renting it out.Hope this helps with some possible policies you may need.