Risk is modulated by you (for the most part - systemic risk is another bag of cats). 

I find these pro tenant laws that leave the landlord (and not all landlords are rich) holding the bag in very poor taste and its very bad business.

You will need to plan on replacing towels, bed sheets, lots of toilet paper, paper towels, napkins, salt pepper, coffee, tea, sugar, light bulbs, dish soap, dishwasher soap, trash bags, hand cleaner, shampoo, soap, etc. 

During the demo, our GC found the equivalent of 20 large trash bags of roofing material hidden under a section of the porch that was enclosed.

So heads up, if you're going to do this - be prepared for someone to be left holding the bag. 

In the end,we don't need 1000 units to achieve financial freedom,we just need a handful of well acquired cash flowing assets to arrive at that place of peace.With some patience and due diligence,most people can get there without sleeping with 75 strangers every 3 years only to end up with no portfolio and a bagful of inflation susceptible cash with little to no tax advantages.That's where we did not want to be in the first place....

They're a pain when one wants to carry grocery bags inside.

His bed is still there, the fridge is empty, no clothes/shoes at all, big trash bag on the kitchen floor, some kitchen utensils.- Since mid August, we've been inspecting the unit every other week.

If I try to bake CC cookies with a bag of bolt's, yeah it's not gonna come out right, GIGO, the correct recipe must be followed. 

.$300, flatbed pickup, bag of clothes, box of books, new diploma, Magna Cum Laude, no job with 50 resumes out, in the middle of an Oil bust economy.