When I had squatters, they left fentanyl pills all over the floor when they dropped their bag.

It limits the liability, protects the equity from suit and also provides a "poison Pill " provision.

A way, and hard pill to swallow as a landlord, is if it’s ending on bad terms or you think the person is going to vandalize the property is to offer cash-for-keys.

Hard pill to swallow.

Obviously, not a deal breaker, but coming from Denver is a tough pill to swallow.- Traditional management is out, I've done Airbnb very successfully for the past few years, and I'd continue to manage

Iam an out of state investor pilling in up in Detroit as well

Railroads are VERY difficult to negotiate with.U can look for some sort of prescriptive right away and sue for it but those don't usually work and litigation can run into the many thousands.If the owner contract works and you dont have to put much money down and you can remain positive cash flow and no personal guarantee on the note.. then even if you cant get a legal right of way its ok to own it forever type of thing.. just know selling it will be next to impossible unless you do the same thing for the next buyer.

What I put below is not in any way prescriptive, but maybe it will help you think critically and creatively as you take steps towards being a real estate investor. - You're a young dude.

That is a very big pill to swallow and not something I would want to be on the hook for.Also what if they file bankruptcy and get protection, you are stuck then with most likely not collecting rent for months and chances of collecting it in a judgment are not great.As others mentioned, there are many reasons, but best to wait.

May to August are the massive income generators then you should be willing to open your property to longer term snowbirds (retirees north of the Mason-Dixon Line); it’s not prescriptive but a proven technique.