But it seems to my simple way of thinking isn't that *also* going to reduce your monthly benefits to a large percent?

When they do, they are typically covered by insurance and settled outside of court.The odds of a landlord being sued for a large enough amount that it eats up their insurance, the equity in the investment, and their personal assets is almost non-existent.

For my short term rentals I am really going to focus on adding improvements that will increase my daily rate and guest experience.

Perhaps I'm an old out of touch birdie, but if I made $292,000 a MONTH doing land contracts, I would focus all of my time and energy on that and adding to it.

Also consider adding higher end finishes in the bathroom(s).

I have about a $5k stream of passive cashflow, and a large sum of money.

A cash purchase, added to my portfolio, reduces my levergage ratio on my real estate portfolio, but does not bring it to zero of course as I am not paying off existing low rate mortgages on rentals. 

It works but the premise is more for large, rural land and doubling your money & I wanted to target other types of property.  

Then they won't need an upfront payment for work they haven't provided yet.Also, get a signed contract, copy of the drivers license, contractor's license and be added to their liability insurance.

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