In fact, Chase and several other banks have been slapped with fines for their misconduct relating directly to those issues.

hi all i am a new landlord and got my first rental property. tenants moved in in September and October. the first month was fine but when December hit it got extremely cold and the heating is electric. due to poor insulation in the home that we did not know about the heat has to be turned very high up to keep the home warm, however since everything is electric it is causing the electric bill to be $800. the utilities are the tenants responsibility. however because of this one of the tenants has been extremely non compliant with paying rent.

However, if that effort fails, the local agent is equally liable – criminally and civilly – for any fees, fines, etc. associated with the property." 

If you do a good job picking tenants, you will be fine.

@Nathan Gesner Yes, I'm fairly confident if we were to hold long term, we'll do just fine. 

Some will probably do fine with it, but the number of spectacular crashes amongst this demographic will be a multiple of the norm. 

If it was discussed and just a typo and its a good tenant it should be fine but some tenants would definitely take advantage of this.

There is a fine line between offering a well rounded service and leaving too much in the home.I love the business and glad to be a Superhost but this has been my experience.  

With respect to paying $44k off on your HELOC, I personally think that is totally fine and a great start. 

After she gave me the numbers, I calculated the rehab to be around $16,000 which I was fine with.I saw on the app we use to track expenses that there were small charges for the rehab which I was fine with.