I've read too many horror stories on the forums about "professional renters"  who have figured out the system and manipulate it for months of free rent and destroy your home in the process.  

If you go in and see that not only does it need 2 new kitchens, the foundation is shot, all the bathrooms are destroyed, the roof needs to be done...

Vacancies, late rent, repairs, tenants destroying property, maintenance expenses, &evictionsI will make you an offer to buy your home AS-IS.

I never recommend you "jump in with both feet" without some serious guidance because you may just be jumping into something that can destroy your financially.  

I just don't want to put too many high end amenities in the house just for value purposes to have it later destroyed by renters.

We don't want to appear to be discriminatory towards tenants with dogs, however, I have personally experienced my dog destroying the carpet by the door and damage the trim around the door and we don't want this to happen in a newly rehabbed unit.

I turned it from a destroyed group home, into an off-campus duplex with bedroom rentals.  

I would hate to destroy our credit, then have my wages garnished and end up in a situation where I can't afford my AZ house either.I am just looking for advice on where to go from here.

Where I was I had a few non payments had to go through UD court and they destroyed the property-long story short. 

Let's say the water heater started leaking and ruins some clothes, or the roof leaks, or their refrigerator goes bad and ruins their food? Should I have to reimburse them? There is nothing in my lease that covers this.