There were only a couple times when we had to have a tenant vacate their unit because of a problem - once because the plumbing overflowed and flooded the apartment; another time when the ceiling collapsed (I think because the tenant was banging on the ceiling with a broom handle because she was irritated by the noise from the upstairs tenant).But, in both cases, the tenants were no fun to deal with - even though our contract was very simple and clear on the fact that the landlord was not responsible for tenant belongings in the event of any kind of flooding, etc., and that tenants were responsible for getting their own insurance to replace their own stuff or pay for a hotel, etc., etc., etc.So, no you aren't liable for their stuff if there is a problem - but seriously save yourself a bunch of hassle by requiring insurance, including a loss of use rider.I live in low income senior housing now, and my neighbors are bad about overflowing plumbing, etc., and I can't even begin to count how often the smoke detector alarms go off because of old people leaving the stove on, etc.  

I've Posted While Irritated, especially early afternoon before nap #2. 

I will also probably be writing a lot of contracts before I get a "bite" which would irritate most agents. 

To all - Sorry if my questions/responses come off irritating.

When you get into calculating IRR, it is a little more complex. 

You have a right to be irritated with this fee.

Even if you did have mold, it usually doesn't create health problems although it may irritate an existing health problem.

Your tenants will be irritable and will then start complaining about other things they may have otherwise ignored.  

Capital gain is the difference between adjusted cost basis and net sales price.To bring you full circle (and risk irritating you a little more by using the word depreciation :) - Depreciation reduces your net income and so your annual income tax. 

They will always get irritated and look at what else is out there.