We see threads all the time about people losing money and how after they add expenses and vacancies, etc. how they go in the negative.

I personally don't charge for small holes and touch-ups unless they are grossly excessive, but I would charge for removing the tape/adhesive.

You'll be competing on price with owner occupants who are not running the arithmetic like an investor, so you'll often end up overpaying and losing out on any potential cashflow.I'm also 25, and it's great to see other young guys getting started and building wealth. 

You have to buy right, know where the market is headed, know ALL of your expenses and know what your various "outs" are before you commit to a property or you will lose your shirt.  

The only thing they didn't reimburse was excess cleaning (they said they don't reimburse for that) and honestly, I find that as cost of doing business.  

Those who blow it off eventually lose eligibility.To ignore the correlations is nonsense.

But it is very risky and you can lose all of your properties if things go wrong.

The guests have a credit card on file and your policy should allow you to charge for damages or excessive cleaning.

A law degree does not mean you know anything re wraps.If worse comes to worse, you can stop the foreclosure with legal action - it costs some but you will not lose your equity.I would not throw the baby out with the bath water re doing wraps and I do hope all works out for you.Reach out if you need a referral to a good AZ attorney to helpBe careful out there guysAlan Not to be too blunt, but you are handing bullets to a six year old with a gun.

Learn the eviction procedure for your area, perhaps contact a lawyer in the field to help you with this one, and get the fraudster you're currently housing out on the sidewalk to sleep in a cardboard box where they belong.You're going to lose plenty of money here, but this will never happen to you again, and you can minimize your losses if you move as quickly as possible.