I'd also get security in place (with cameras that record and upload to the cloud) so that you know if he's broken into the property and if he has, be prepared to press charges.

One was a "steal" for the price: came with 3 TVs (including an 82") and an 8-camera security system.

As a Cap Rate is indicative of the risk involved in owning the property, you want to focus on doing things that make your investment less risky if a bank ever had to take over.You can make your investment less risky by doing some of the following things:- Convert all month-to-month tenants to annual leases- Implement strict minimum rental criteria- Add security cameras- Make large capital and preventative improvements (fix drainage issues, install water pressure regulators, replace old HVACs...you get the picture)- Essentially, prove with action that you are caring for the property on a long-term basisThe only way this is effective is if you document everything you are doing as well.

None of the photos are zoomed out (or you're using an outdated phone camera). 

Ran into significant sewer repair that was completely unforeseen even after camera.

Concerns with parties can be mitigated with cameras, noise monitoring, not renting to locals, etc.

Reasons that Airbnb can immediately shut down a listing: guest complains (wrongly) that there is a camera in the house, Airbnb finds out guests had a big party, a neighbor complains to Airbnb of a rental property that is noisy.

Sometimes, I do the same with the camera app. 

Ended up setting up security cameras in the end until the renovation was over.

Two years ago I finally made enough cash flow to get cameras on the building, so now I have a lot more confidence and don’t have to reply on third parties to send me pics.