If you have a rule, enforce it. 

Quote from @Jeff Roth:Monthly rents for mid-term rentals are about 20% (+/-) higher than unfurnished similar long-term rentals.I would not base the income potential for a MTR on a rule of thumb.

Here are some key elements to include:Lease Agreements: Ensure your contracts reflect the latest laws, such as notice periods for entry or rules around security deposits.Fair Housing Compliance: Familiarize yourself with federal, state, and local fair housing laws to avoid discriminatory practices.Property Standards: Regularly inspect your properties to ensure they meet safety and habitability standards.Tax Documentation: Keep accurate records to comply with tax reporting requirements.4.

On top of that (even with the insurance rate increases here) it STILL almost hits the 1% rule in terms of cashflow.

With this one I would a paragraph that states " in case of any unforeseen circumstances due to the plumbing, we ask that you not flush wipes or pour grease down the drains "  that way you have stated that in the rules part of the listing.  

If so, shifting that to the tenants at the time of lease renewal is another great way to decrease her overall debt service.This has already been ruled to be against the substantial change of lease terms. 

Remember also, that FHA is generally intended for an owner-occupant/primary-residence for at least the first 12 months, but as was discussed above this can be worked around.If a client qualifies for Conventional I almost always advise them to use that product rather than FHA as a general rule - but a lender will have the more relevant, tailored advice.

With the economy of scale in multifamily, each additional unit nets you a little more than the last, as a rule of thumb.

@Joy Daniels I have one of my STRs in that market on Anna Maria and each “city” on that 7 mile island has different STR rules.

In a very loose rule-of-thumb estimate, your Net Income (revenue minus expense) may be about 50~60% of the gross revenue.