Moreover, you can be sued for any reason, especially if you have rental property, and if you have plenty of insurance, the costs of defending yourself shouldn't come out of pocket.That is kind of a down and dirty that just scratched the surface, but to answer your question, I personally would go with a variation of option 3.

It's always a mix, or a terrier, or some other tricky variation.

For one, the term bad areas has so many variations for so many people.

The majority of units in Mammoth are still being managed by large (and outdated) rental companies that have high minimum nightly stays, crazy fees, and no variation in prices to account for demand.