Finally- you can eliminate 95% of the troubles and risk by simply having professional and legal screening and management processes, so don't sleep on that piece. 

Additionally, a sewer line repair usually results in vacancy and lost rent--even more lost money.A new driveway can easily cost $5k on the low end, and plenty of properties in my area have $15-$25k+ driveways. 

I finally got an attorney to work without a retainer2.

-Initial basement costs were projected at $60K, final costs were $125K.

Purchase price: $307,000 Cash invested: $118,000 Purchased in January 2021, we successfully renovated the interior and exterior of this home that resulted in a premier vacation rental property.

Quote from @Jimmy Wellman: I've looked online for some information about the average % of the final home price vs. the price you purchase the home for and found that the home should be purchased for 70% of your home's final sale price. 

When they finally move out, you'll discover a ton of unreported maintenance and possibly damage caused by failure to maintain.Landlords should encourage tenants to report maintenance issues.

Why Reviews Are Crucial for Your Airbnb SuccessBuild Trust with Guests: Positive reviews show potential guests that your property is reliable and welcoming, making it more likely they’ll choose your space over others.Boost Visibility on Airbnb: Higher ratings mean your property is more likely to appear in search results, leading to more bookings and greater income potential.Learn and Improve: Reviews often provide actionable feedback.

Albert asked about filing a lawsuit against the tenant, which apparently involves a tenant's complaining of personal injury resultant from being in the unit. 

I'd then of the end result and back into the best way to do financing upfront.