How do you minimize these factors?

Another plus is that I now manage a lot less units, so PM is minimized.

Here are a few tips to get you started:Start Small: Consider starting with a smaller investment or a property that requires minimal work.

My other deals never needed this sort of demo.My shot in the dark is $30k. 

Here’s what you should do next:Check the Lease: Look at your lease for rules on early termination and notice periods.Document Everything: Take photos or videos of the property to document its condition.Send Final Accounting: Prepare a final accounting of the security deposit, showing any deductions for unpaid rent or damages, and send it to the tenant’s last known address.Re-rent the Property: Start looking for new tenants immediately to minimize your financial loss.Consider Legal Action: If the deposit doesn’t cover what they owe, you can take them to small claims court.Keep Records: Save all communication with the tenant, like texts and emails.Get Legal Advice: Consulting a local attorney who specializes in landlord-tenant law might be helpful.Best of luck getting this resolved.Carlos

There are definitely ways to approach this with smart home tech while minimizing complexity for yourself and guests.

I would recommend starting with something fairly small and close to turn key or with minimal renovations required.

He literally has never had income above taxable limit yet he has enough to put down money on a Santa Barbara OO home (Santa Barbara is expensive).  95% LTV results in minimal money required (or FHA at 96.5% LTV).  

When I dreamed of affluence circa 1991, it included the obligatory hot car (that I can buy a few times over now), lots of cheap women throwing themselves at me (my body would end up weighed down so deep in the Mon they'd never find it, I married a dangerous woman), and a lot of expensive stuff (me, a student of minimalism today).It also occurred to me that if my wife and I had kids, there was no way we could have asked them in 2017 to move into a leaking shack on the edge of a heroin ghetto, where a dude got shot just walking home in the alley out back in 2018, where the school system was ranked about as low as you can get for southwestern Pennsylvania (which is really saying something).

You minimize your risk of being over leveraged, and barely making ends meet with the rental income.