The issue is not the contract, the issue is going to be enforcing the contract, the individual who was selling this could hold this up for years and cost you tens of thousands in legal fees, and then they file bankruptcy and stall it another 5 years.

I haven't had any issues with my tenants either.

It separates your personal assets from your business, providing a safeguard if any legal issues arise related to tenants or the property.

Do you think this issue is specific to banking services or what do you think is the root cause?

I’m interested in purchasing an investment property with equity I’ve developed in my current home, however I’m concerned that if I have an issue renting out the new home it can blow up in my face.

Ensure you have an itemized invoice from the cleaner, which can help justify the deduction.Reasonable Deductions: Long-term tenants often leave normal wear and tear, so I recommend being lenient on minor issues.

Having the tenant be responsible for something like the first $1000 of each maintenance issue, or $500 can be a big help.

You may run into issues with re-tenanting and it may take longer than you expect or cost more.  

Investors obviously want their properties rented with no issues but they also want to be in the know and have a good line of communication when things come up.

Some of the issues I have clarified so far from this and other forums:1.