What is the experience with this program - Pro/Cons, watch outs, etc?. 

From watching YouTube gurus and listening to BiggerPockets podcasts?

And all properties need to be managed and supervised numerous times per year; giving residents the idea that no one is watching and/or no one cares will be a sure recipe for disaster. 

I'll gladly watch your video! 

This home is not a luxury home so the insurance route seems overkill.2) Buy a worry free waiver and add it to the booking rate?

[Please note: Many if not most mortgage holders do not have the luxury of extra money!]

The latest example, we had a set out (Sheriff watches over as old tenant's stuff is removed from the property) on Dec 13th. 

Having watched many prior co-workers get paid, cash their check at the casino, and promptly deposit it all into a slot machine I can tell you with pretty good certainty that casinos don't have a positive effect on disposable income and good use of the existing income in the area surrounding :)Are there solid local employers OTHER than the casino in a 15-minute drive? 

As soon as I get off this thread I will watch Podcast #269.

The only time I'd say it's an okay idea is if either: The area you're investing in is expecting so much appreciation that you will easily profit off that (watch out for mortgage interest though...the appreciation needs to be higher than what you pay in that and expenses to make it profitable)You have some specific reason for wanting to do it- family ties, future home, major long-term hold, etc.Maybe I'm forgetting another one, but those two are all I have for now...