Future AppreciationLynchburg’s market has seen about 5% appreciation recently (4.3% Sep 2024), meaning your property could gain around $110K in value over 5 years, helping to cover renovation costs.

That is where the letter of the law stands and to have you covered..

Desert Island), Pictured Rocks National Lakeshore, Shenandoah, Mammoth Cave (though not quite at the 1M visitors threshold). 

Offering $450K would leave room to cover the $50K in repairs, and since market rents support a solid increase after updates, this could boost your long-term cash flow significantly.

This was so important to our business that we covered the cost of these consumable kitchen supplies for all our owners.

Second, I have experience with hundreds of pet owners and it is very rare (in my market) for pets to cause more damage than the deposit will cover. 

Lease Agreement: Use a compliant, detailed lease covering rent, rules, and responsibilities.2.

Mostly worried that even if I find a place and the money, that I'll be making a big financial mistake and have little left to cover unexpected costs.

If they can make enough just to cover mortgages, with the high appreciation of the properties, it's a great investment.

Once you draft it on zillow, use the same description, pictures, etc.