It's not just about safety.

You want to be fair with your tenants but keep them at an arms length.

I get the safety net for the buyer, but at the same time we cannot sit on that money for up to 3 years.

The cashflows is also really solid and gives you a margin of safety in case there are any repair issues in the future.

However, it's important to consider the liability and safety concerns that come with allowing guests to use a golf cart they don't own.

again, i'm not trying to be discouraging - just trying to arm you with some facts as you get started.feel free to PM me if I can be of additional help

Thanks  I think you would be better off doing an ARM instead of an interest only loan.

Avoid risk, which means do inspection and safety audits.

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Cost me 5k, the upgrades were not unreasonable, and the electrical work included safety improvements.