Hey @Joseph Chacko vellukunnel,I think @William Kwong covered some great points especially with the financing aspect.

Making memories with family and friends for pictures and videos become what is most treasured as people get older and more life experience.

Typically I’m seeing higher appreciation than cash flow but it can be hard to tap into that equity if rents won’t cover the new cost of the refinance.

Set your standards up front.Raise the rent to the market max and the difference will cover the deposit in 12 months or so.

Some of the gurus distort the real picture.

Good point about the pictures of the washer/dryer and the parking.

Our property has cash flow and according to the many bigger pockets podcasts I’ve listened to you shouldn’t just pocket all cash flow but set aside a percentage to cover reserves, CAPEX, vacancies etc.

As I mentioned above, the risk of being sued, found guilty, and fined more than your insurance will cover is almost non-existent. 

However, we found receipt management (downloading emails and pictures and saving them to Google Drive) to be so cumbersome and decided to join QBO train.

Also, looking at the bigger picture, if this remains contentious, good luck getting him to come back to address any warrantable repairs etc.