Second since I am a property owner myself and also own a PM company I try to look at it from different angles.If the tenant wants things fixed it many times means that they plan to stay in the property and since they are picky they tend to take care of the home more.

I wouldn't necessarily put a lot of efforts into improving/building/spending in hopes of staying booked solid, but it is a nice 'side hustle' for a pretty piece of land to bring in some extra income while it sits. 

I think paying off a loan with a high interest rate debt and adding to the principal is one way to stay liquid within the property. 

Typically those are shorter stays as they are doing something for a couple months vs staying for the entire semester or year.

If you want to make it easier, look for one where it's all direct replacement meaning the water and gas and appliances are staying in the same place - less permits and less cost.

And stay with it. 

In 30 years, I have had one eviction (in NY) and the court would not grant it and they ended up paying and staying for two more years.I think the multiple owners is more of the problem than panicking in advance about tenants.

Will you stay local and on base or have the potential to be deployed?

I also love Jiu-Jitsu; staying active really helps to keep your mind right.

If I am losing money on LMHA as a landlord then there should be 10x that number of good people losing their vouchers because they cannot stay in good standing with the excess failures the system has at present.