If some landlords are requiring them to pay application fees before they even know they want a rental versus ones that don't which do you think they will choose.

TN markets are still pretty free market so even if you do get cancelled there will be alternatives.

Now, I'm imaging a scenario when every one of these tenants move out that I'll be paying their entire security deposit + interest even if there are damages beyond normal wear and tear. 

I have one single family rental now.

Not exactly earth-shattering.The bigger question is, why are you setting up an LLC before you even have anything to protect?

Examples include Austin, TX or Raleigh, NC.Tertiary Markets: These are even smaller cities or towns, often with specific economic drivers like a university or a major employer.2.

Purchase price: $690,000 Cash invested: $172,500 Took a gamble on a larger single family home in an up and coming master planned community.

And they make income from even that deferred tax that they wouldn't have otherwise deferred.To @Bill B.'

Things just require more ongoing expenses percentage wise out of state because you have to pay people to do everything for you and you will have a longer time building relationships with vendors even when getting decent referrals. 

Getting a professional to handle the chemicals is the move, or even empowering your cleaners to get hot tub maintenance certified through a program they can take around chemicals from Pool & Hot Tub Alliance.