Living in a college town you've got a lot of potential income generating roommates at your disposal.

Not enough interest made on the loan and small assets typically in micro towns they have no clue how to dispose of the asset if they foreclose. 

I feel like I am reading that you really need an additional policy that is designed for short term rentals (I know that my homeowners policy will not cover any STR related claims), but why is that the case if I have the AirBnB insurance at my disposal?

Absolutely no furniture or other large items are to be placed or disposed of in or near the receptacles.

There are a lot of great tools at your disposal that help to make it a bit easier nowadays.

When we are underwriting deals we can plan for a downturn in our assumptions e.g. increase expected vacancy and decrease rents to avoid overpaying Dispose of weakest assets– this is simple portfolio management, it's key to let go of underperforming assets to free up cash and credit required to buy better performing assets.

He cut down a tree but did not properly dispose of the trigs (the wood was stacked but the trigs was in a pile). 

thanks to everyone for there input, The gentleman I speak of just has cash at his disposal and wants to make a return and I want to learn how to fix properties while making some capital in the process so I can invest myself.

The deal performs based on 1) acquiring at the right price (metrics above), 2) operating well, and 3) and disposing or selling at the right price. 

We are always trying to get better and more efficient at analyzing properties online and utilizing all of the available resources at our disposal before seeing the properties in person for further due diligence.