It is why my lease states any back up that is not a result of defective plumbing is on the tenants.  

Airdna says that you could be losing out on 20-30% of revenue if you are rating 4.9 or lower on OTA's.I think you have the right idea though, make sure your investment can cash flow as a long term rental so that way you have a good back up plan.

But your own psychology and mindset does matter, and investing in real estate, while not making us wealthy, did give us this back-up plan where we knew we'd always have a roof over our heads and enough of a financial buffer we could figure something else out.

You can also require a paren on the lease for any student as a back up to cover damage outside the first. last and security.

I don't provide a physical key but try to have two backups in case the battery dies or the lock malfunctions.

I guess the place to do probates is in the dying fields of Florida, Retired and heirs back up north.

They want proof to back up what was said, or not said. 

By the time I build my cash back up, all the covid era low rate assumable mortgages will have even more equity and take even more cash.

If you proceed, have a clear exit strategy and backup plans (e.g., ability to rent the property if you can't sell quickly).If you want to talk about private lending options feel free to contact me.Regards,Jackson

A bankruptcy hurts a credit score obviously but it's been long enough that it's highly possible he has built the score back up above 620.