San Francisco and many parts of California have very bad housing policies.

New Jersey is one of the least landlord friendly states in the country - FACT.Liberal policies are not friendly towards landlords- FACTNew Jersey is a liberal blue state - FACTI was nice in my original post.

Yes I have known it to work because the owner is not a push over, enforces policy and can make it run good......however, do you have the right personality to do this, AND if you move out can you continue to have the house run smoothly with no one in charge.  

For example we take a booking, they read our zero tolerance policy on partying and noise complaints and then ask us to cancel because they are a bachelorette party and do not want any issues as they do plan to drink. 

It’s standard practice and an essential safeguard for landlords.Trust your instincts and treat this as a non-negotiable policy.

The marketing/advertising firm, aka RE broker, is not the expert in building codes, zoning, structural engineering, neighborhood safety, etc.As a prudent investor, always do your own due diligence or you'll end up being (unitentionally) misguided by a RE broker's information.  

Make sure you create a screening policy and don't deviate from it. 

look for land with owner financing And I am sure you know this but location and safety will be paramount in the Jackson market there are simply areas the crime is far to high for this to be successful..

I don't think you can purchase a policy for one tenant, but you can create a master policy for all your units.

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.