Her retirement income would be used to cover the mortgage.I hope this gives you an idea of my plan.

Your insurance may also not cover you or your tenants. 

I have high revenue from my rentals and have diversified other investments that cover my lifestyle.  

Make sure you have adequate reserves to cover unexpected emergencies.3) Time-intensive - If you live on-site you're a live in property manager on call 24/74) Legal issues - know the max occupancy laws for your area.

@Paw Nouri Maybe in your area they will cover damages but not in Maryland.

You get the picture. 

They analyze components such as cash flow, principal paydown, appreciation (both home and renovation), initial equity, depreciation, and interest deductions for tax savings, giving you a clear picture of individual gains and ROI over 30 years.

Not every state or city mandates that any landlord has to accept Section 8, because the landlord has to not only subject their property to Section 8 inspections, rules and regulations, they also often have to separately arrange for the tenant to pay the non-covered part of the rent and can face difficulty evicting just based on that.

Think beachfront condos that not only cover their costs but actually give you solid cash flow.

A few pictures should verify if there were stains.