Need to be an accredited investor as well.A bit surprised there isn’t more on BP about these guys, which I’d say does cause me a bit of pause.

Besides frozen pipes in the winter, there's also sump pumps that if not running, could flood a basement and cause major mold damage. 

I wouldn't worry about what will happen, cause something will at some point.

Insurance typically covers only the directly damaged area, not undamaged flooring, even if it's continuous.

Property damage, excessive wear and tear, but paying, that PM has an incentive to look the other way, don't they. 

@Ben CallahanRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

What We Will and Will Not Lend On: Bad foundations, mold, asbestos, substandard, and/or fire damage?

After they book, it's still a good idea to use the platform app for communication because then the platform has a record of what you and the guest have said, in case you need it when a guest does damage and admits it to you, but later denies it to the platform.  

But other than that, no damage or wearing out of stuff so far after 8 years.

Properly maintains/doesn't damage the property.3.