Cheap materials, thin walls, the LVP was peeling already not to mention the transient individuals in the parking lot. 

Investing in "Cheap" cities are not always cheap on the long run.

Years ago we didn't require it and just recommended it to the tenant, but it's so cheap and gives our insurer something/someone to abrogate against should we have to make a claim that we don't allow it to be optional anymore. 

Cheap properties in Milwaukee are fools gold (especially for OOS investors, people literally will scoff at a rough listing and then someone will say: eh, someone from CA will buy it..)

It's very important to have a good PM and not go cheap or there's a high chance your rental will get poorly managed and you'll lose money in the long run. 

We found a cheap rental rehab home and and I'm trying to come up the best way to structure the operating agreement.  

REI Game Changers is a beginner program that relies on cheap spray and pray list marketing.

I prefer to buy the cheap refillable containers and then I buy jugs of soap on amazon. cleaners refill them.

I'm cheap. 

I do have folks that don't book because of that.That is a good thing as not understanding the distance to get places will create bad blood and cause those 2 and 3 star reviews which no one wants to see.Like @John Underwood, our place isn't cheap so we don't get the folks that destroy places.The bottom line is that you are renting out an expensive asset to strangers for 3-10 days or whatever.