If you're going to make it in this business you're going to have to wrap your head around the fact that things like that are going to happen and you've got nobody to blame other than the criminals themselves.Her complaint is that the PM did not notice the stove missing during the inspection; the owner was the one that noticed it missing.

now that my first property is running smoothly I have been thinking of starting to look for my second one once my funds are in order. 

When you're first starting, I recommend running analysis on at least 100 deals.

Here in College Station, TX I'd say its no big deal just cross your T's dot your I's, and head on down to the local justice of the peace. 

I have run into this as well. 

Ultimately, STRs are like running a business and to be successful you want to distance yourself from the competition.  

I run the numbers with even 5 or 6% and they great but 7+ just not good Just to add... if rate alone is making or breaking your deal, then it's already a losing deal. 

As a new investor, you should be looking to put together a strong, experienced team to help you side step any landmines you are bound to run into.

My partners and I run a residential assisted living focused fund.

We also are very verse on the Property Code Laws of what legally we must do and what is just good business.So @Ian McClure to answer your question, it would depend on how the new tenant was on boarded and what kind of business the owner runs concerning his property