Communicate well and perform when you say you will and they will reach back out to you for additional deals.

Good communication with tenants that sets expectations is also useful.Belts and suspenders . . .

I think it comes down to good communication both ways. 

Prioritize the lender that communicates well and actually answers your questions correctly and in a timely manner.

@DL Martin Haha, I love what you posted about B&P, I never really read them, that is why California is rich in penalties.

It will not be easy finding a good property, but we started communicating with some local agents.Sale price was $68,500, rent for the property is $650, cash flow should be around $230 per month and it appraised for asking price.

I believe Airbnb has a system in place for handling disputes between guests and hosts, and they may offer compensation for damages or issues caused by a guest.I would start by documenting everything: A detailed written description of the incident and timeline, records of all your communications with the guests, before/after photos of the damage done to the furniture and the bedsheet, a statement from the neighbors about the trespassing incident, etc.Then I'd approach Airbnb looking for guidance.

Any tips for fostering open communication and avoiding conflicts over time?

Here are a few I recommend: "Rich Dad, Poor Dad" by Roberto Kiyosaki; "Set for Life" by Scott Trench; "The Unofficial Guide to Real Estate Investing" by Spencer; "The BiggerPockets Ultimate Beginners Guide" found here on BP; "The Book on Rental Property Investing" by Brandon Tuner.

The other items you should request manually and review yourself. do you include all these requirements in the rental ad for transparency or do you communicate them verbally?