I wouldn’t think your tenant should be washing the dog all that often and if they are I’d have to wonder why.

How do you all mitigate these risks?   

You’ll see flashy cars, endless vacations, or Instagram-worthy moments, all promising that this lifestyle is within reach.When the lifestyle becomes harder to sell, it’s time to focus on the message.

I recommend everyone always create their own IRR calculator as they can get pretty complex and oyu will want to understand all the inputs and outputs. we provide a basic one to those in our membership group but I always recommend build your own and understand not only the numbers but sensitivity that lines up with those inputs.If you are hard money lending thats simple as its just a column of dates and amounts for loan provided and monthly interest and points.

I am an investor and also own a handyman service that rehabs and maintains all of our properties. 

It all depends on your investor profile.

You don't want to get stuck with negative cash-flow because you can't find another care facility tenant to rent it.Also, probably want to check with your insurance provider and see if all those tenants who are likely to fall and break a hip are going to be an issue for them, and look into the legality of what happens in the care facility owner dies and you're stuck with 5-8 tenants in the home with no one to care for them and no living descendants.

These typically account for about 80 to 85% of all expenses in a flip.If you know the lenders' terms and the loan duration, lender fees, the second greatest expense, are easy to calculate.

I traveled all over the world for photography, Malaysia, Singapore, Mexico, Thailand, Canada, Mexico, Belize, Dominican Republic and the list goes on.

If you do, you'll want to activate your free RentRedi subscription that all BiggerPockets Pro Members have access to.