Very conservative approach that protects the seller.There is a long thread that covers what I'm talking about atPace Morby Mentorshiphttps://www.biggerpockets.com/forums/79/topics/1001612-pace-...  

This allowed us to maximize revenue and occupancy more effectively.Safely Insurance: We also decided to use Safely Insurance, which provides comprehensive coverage for guest damages, liability, and protection beyond what Airbnb or Vrbo offer.

So buying the right location will become increasingly important here to protect you in the long-termFood for thought.

I will preface this with the fact that I have a legal background, specifically with estate planning and asset protection.

Similar for pets.Especially in the city of San Diego, I would be careful about violating the tenant protection act.

I don't know which nearby state you're considering (PA is probably the most attractive) but local municipalities will sometimes enforce extra red tape and/or protections for tenants beyond the state-norm.

We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

Our offers include clauses allowing us to do our due diligence before closing and protect Earnest Money Deposit (EMD).

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

And guess what, if your using a proxy thinking that will protect from disclosure as an agent, nope, it doesn't, you have to disclose it even then.