They would withhold rent for minor items that were caused by the tenants.

Guest left all windows and door open in our cabin in -15 degree weather when they left causing a frozen pipe.

Even if I were to rent it out on Airbnb, the cash-on-cash return isn't very attractive.Specifically, I’m concerned about:High mortgage payments and the financial strain it could cause if the property doesn't generate sufficient cash flow.Cash-on-cash return is low, even with high-revenue short-term rentals.My Questions:Risk Mitigation:Any strategies I can use to mitigate the risks associated with owning a high-value property with a large mortgage?

Then my second house which was freshly turned had a tenant that up and left after a couple of months and caused excessive damage. 

Most investors on this forum are obtuse to the complicated nature of macroeconomics, cause and effect.

@Sharvil Patel1 is incorrect because of 3.5 is prohibited in many jurisdictions or at a minimum causes insurability issues on future transfers.

@Roy Kinzer Rent control in NJ can be a tough pill to swallow and unfortunately has caused many of my deals to fall apart quickly once buyers/future landlords realize how strict the controls can be.

You have the usual causes like drugs/alcohol problems, mental illness and then you have the working poor who remain homeless.

However renting to the wrong section 8 tenant can cause you BIG TIME.

Ultimately it was the customer service and poor quality of my post cards that caused me to leave.