Highlighting the strong profit potential and taking measures to address any concerns about costs, scope, or holding risks will make this an even stronger pitch.

My only concern with renting it out room by room in Philadelphia is my safety as my roommates could be psychopaths.

It's so nice to have that safety net.

Thankfully I have no property in NY.I loved this quote which shows just how clueless people are about housing issues:“Housing instability is at the root of so many problems facing our city, such as exacerbating homelessness and hunger, failing to meet our children’s educational needs, and undermining public safety,” said the CWTU in a statement.

Once that happens, the legislature may try to create even more draconian measures.   

L&I has labled both of them as unsafe, meaning the agency found them to be "dangerous to the life, health, property or safety of the public or the occupants of the structure".

Neither of these properties is a median-type homes in Memphis, no matter how you measure. 

We have not disabled ours or converted to gas, but Tenant must sign a Fireplace Addendum stating if they use it, we require a higher renter's liability policy with us as additional insured, rules on wood, storage, use, safety, they pay for yearly professional cleaning each year they are there, etc.  

I'm not saying the list is ridiculous,  because all safety concerns should be addressed.

@Jin ZhangI would only measure pros and cons against a goal.