But it goes far beyond that and includes a Just Cause Eviction provision, requires thousands of dollars in relocation assistance for tenants whose leases are not renewed, and expanded notice requirements.

it is your property; they vetted the tenant (you said so yourself) i.e. background check and even so, that doesn't guarantee nothing bad is not going to happen, they werent the ones that caused the damage, and if they vetted the tenant as you say they did, they did their part.

Has high interest rates ever caused prices to come down?

Supposedly it will pay if your tenant's pets cause any damages up to $500?   

I have questions or clarifications regarding their income and student loans but not sure if I am allowed to ask them in more details about this if that could cause a discrimination type of claim or not.Tenant has deferred payments on students loans and said they could prove 3x income yet their bank statement did not show me that.  

Quote from @Nina Diehl: Typically this is something on the landlord unless there is something in the lease that states putting anything other than toilet paper down the toilet that causes an issue will be on the tenant.

It seems like an avoidable mess that is causing unnecessary distressPerhaps someone should point out that they don't own any of the rentals yet as they still belong to the dad. 

You have the standard property policy in play (homeowners / commercial property), which usually do "not" provide coverage for a busted pipe out in your yard that causes "no" damage to your home/rental building. 

Heloc's also require a monitored DTI debt to income of the bank/lender holding the heloc could reduce or close the account due to excessive trade lines causing a shortage of fund on the purchase or repairs or renovation after the purchase.I have seen multiple homes sold this year that they had a first mortgage and a Heloc and the home sold for less than expected causing a problem with profits and in a few situations caused the home to not sell due to the seller getting lower offers and not able to pay off both mortgage and heloc.I offered a few things to keep in mind and mentioned to reach out if he had other questions.

They always pretend to be confused and just want us to send someone.7) Some will cause damages that S8 won't require to be fixed, but will threaten to move if you don't fix it.