Flooring can be a basic vinyl or even a DIY job using peel & stick flooring.Expensive materials is more risk for the landlord because when they get damaged there is more likelihood you will lose money on the deal because collecting damages exceeding deposits if difficult.

You can earn a big payday when you research and make a sound investment, but you can just as easily lose big if you don’t know what you’re doing.

., this I think is longer term implosions as I am seeing people who absolutely should not be buying a home as they have no money buy them sub-to because of little down payment and will eventually lose the property and that is when many whose mortgages are still on the property come out and sue.

I also read when a retirement account becomes too large (for example, greater than a million [in some states]), it starts to lose its protection from creditors.

Have you ever heard of a Landlord being sued by a Tenant and losing property?

Quote from @Scott Vaeth: A bird in the hand is worth two in the bush.I see so many new investors lose thousands (or tens of thousands) every year by making rookie mistakes with existing rentals.

So if I “lose” money investing after depreciation, expenses, mileage, then we get a tax refund because it offsets my husband’s salary.

I’m not sure if doing this I will lose leads on new tenants and increase vacancy.

Your emphasis on starting with a solid plan and diversifying risk is key advice.

I imagine you will lose a lot of potential booking without one and it seems from the comments above that any negatives can be mitigated.