@Khalid Bryan another option if not affordable rental properties is if you would like to try the BRRR method I would look for properties that are not moving ready or maybe the condition prevents them for qualifying for an FHA loan or low down conventional loan, and do the necessary repairs to make it safe to live in clean and fresh.

@Feras Saffar-there is nothing you can put in a lease that can prevent everything bad from happening-if you screen for high quality tenants that can help-yes, you will experience turnovers that exceed the cost of the security deposit. 

There are slumlords that do the cheapest options, and I say--look for the ones that do bandaids vs. fixing a problem, and be willing to pay more for a well maintained one as that seller knows the value of a well maintained home will prevent a lot of the problems!

We can make rules and laws, but can’t prevent people from breaking them.  

This code is designed to prevent swimming pool accidents."

He brought me $500 in bills for leveling spacers and thinset and redguard/crack prevention.

It may prevent them from qualifying for another rental, a home loan, car loan, credit card, etc.

Probably just meAnd when you do have that tenant issue, that then chews up 100hrs of your life in a matter of weeks, and your flipping out over how insane everything is happening, that is when you will say "OMG F-this, someone else can deal with this". 25% of what a property manager does is PREVENTION and PREPERATIONS for things going bad. 25% is knowing all the things, ALL THE THINGS.

However, it is important to note that the IRS has strict rules and regulations in place to prevent abuse of the depreciation tax benefits.

The reason for this is to prevent people from getting a good deal, immediately refinancing, pulling all of their cash out, and having no "skin in the game".