Anyway, repairing flood damage is not a big deal.

Even if you get a full time property manager they will not be able to deal with a roof repair situation or any storm damage without your direct involvement.

., damages, noise complaints).

My air conditioner has stopped working.

It was an 8 unit building and it was a total disaster for all of the other tenants loud music, crack, heroin, property damage mad orgies etc...Evictions of this kind take forever and the local PD wasn't much help so we had to hire off duty police officers to work 3rd shift security till we got her out of there.  

I am an agent who has sold hundreds of Air BNB and have amazing and creative partners including lending

I saw it on a list of top 25 STR markets: https://www.fastcompany.com/91031733/housing-market-best-air... 

We used to do pet deposits, but now we collect a one-time "pet fee" upfront that is designated for damage repair and cleaning on the back end. 

I'd rather have 3 busted potable water lines to one damaged yard sewer line any day of the week. 

I like your attention to water and moisture - its one of the leading causes for property damage.