I know for most this isn't practical, but for the one's that can do it-- do it.

We have tenants add .5x for a pet deposit in lieu of a $500 pet deposit (2.5x or 3.5x respectively) however there are some new pet fee and pet deposit laws coming in Colorado January 1, 2024 and we aren't yet sure how these caps on pet deposits will impact our use of Rhino for this purpose (see below re: legal definition of "Security Deposit").What questions do you have?

I do look at the population, rental laws, rental laws, and major businesses/organizations (hospitals, universities, big business, etc.)

Plus, it appeals to both investors and homeowners because of its practicality and aesthetic appeal.

They pretty much all do it, some with predatory lending type practices on this board. 

Splitting services is definitely ideal, but not always possible or practical.  

I know many are passionate about the real estate practice, I acknowledge that and am knocking it! 

Know and obey the law.

In some state you cannot require them to have renters' insurance so know your local laws.

In practicality, your lease is saying that you have the legal right to charge the rent up until you find a new tenant because you have a legal obligation to mitigate your losses.