Just getting the information out there is a big part of what we do - there are so many misconceptions surrounding renters insurance on both sides, but many of them are tenant misconceptions.  

I just want to clarify some misconceptions.

I have actually written an entire blog post on how this is a common misconception and listed a number of your arguments almost verbatim. 

There is a big misconception in that statement, and i believe Chinmay you are the one who once posted of an applicant with over 20 landlord tenant cases - so you should already know.There will be tenants looking who have such bad track records that they know they have to fill out lots of applications, and pay any associated application fees, until they find that one landlord who will accept them.

You move out of your current home and secure an FHA loan (you dont actually have to be a first time buyer to get one.... its a common misconception)  You then get a multifamily and move into one of the units and rent your home now. 

I think that might be a popular misconception as I've read that a time or two on the BP blog posts.  

BEST: I love real estate and investing.LEAST: Ignorant people (especially realtors)Common Misconception: Taking a real estate course, getting your license, and selling real estate for most of your life allows you to know anything and everything about investment real estate.You should probably take some time to talk with a broker or someone form the real estate commission in your area for more information, but I hope this helps a little.

So if you buy a property for $100K, incur $20K of depreciation and then sell for $120K, you would pay the capital gains on $120K - $100K + $20K = $40K.I think a lot of people have a misconception that depreciation is a huge money maker/saver...in most cases it is more or less an interest free loan until you sell the property.

Just jumping in here to amicably adjust some common misconceptions - FHA loans, including 203k's, are not first-time buyer loans.

It's a fairly common misconception that landlords will give a good reference for the sake of getting the bad tenant out.