, because they had added a provision to their lease that conflicted with State law - even as there was no damage to the tenant!

You may be profitable, but I'd prefer to avoid the possibility of having to do unnecessary repairs or not holding my tenants accountable for damage when I know their actions might have caused any unforeseen damage. 

-Outlines what is considered damage to linens and other personal property (ie., stains, etc)-MTR we are flexible on the lease end date and will prorate last month's rent. 

Prime LA Beverly hills  Bel air  Prime orange county anything on the ocean. 300k would be average I suspect ..

It isn't jumping out of the plane that hurts, in fact it's a pretty nice view, it's hitting the ground that does the damage. 

They do damage to your ranking!

However, I definitely recommend pictures any time a guest left damage or extra cleaning that will result in additional charges.

During the renovation, I faced several challenges due to the home’s age and hidden damages, including ruptured plumbing, termite infestation, rotted wood, and lack of insulation.

I would at least recommend you have them shop a policy for you.One thing we did note is that with hail damage to roofs, they seem to be decreasing coverage/increasing deductibles on that if ever needed.

To me the biggest issue with out of state investing and long term rentals is that you have to deal with property damages and/or evictions.