If you own a rental property in high demand area and know that you will be able to rent it out to someone else easily, why not do that and get someone that not only won't have a pet that could leave the stench of urine behind once they are gone, but at the same time get someone that doesn't lie and try to sneak around what they agreed to on the lease agreement.Its not that landlords "think of pets as a chair" its that landlords think of their rentals as investments that they are trying to preserve as long as possible so it can continue to maximize its profit bc thats the reason the landlord bought it in the first place, to mke money.

Google '515 preservation' and understand the USDA restrictions.

Not only it has great upside potential, it's a great capital preservation investment too. 

I am also networking with a historic preservation group in my area and signed up to volunteer with the Land Use Committee in my neighborhood association.I am already a voracious reader and podcast listener so that won't change; however, a personal goal is to scale back my consumption of social media like FB.

@Sam Leon Yep, are you allowed to do any preservation measures to avoid further damage.  

Hello @Natalie Schanne  I have worked in Real Estate, Property Management, Property Preservation, and Residential & Commercial inspections Since about the year 2000,  We originally went to a Fortune Builders Event in Palm Springs about 5-7 years ago,(didn't Know about BP then) at the time we didn't know much about "REI"  we had worked on the other side of the industry for so long it was Eye Opening, to see that with the Knowledge that we already had, how quickly we could Transition into investing for ourselves.Fortune Builders was key in showing us many different paths we could take in the Real Estate industry, yes the one day free event is designed to pull you into the $200,  3 day event, which is designed to make you want to attend the $30k Mastery Program, Because they are a business, and ALL businesses need to make money to stay in business, Right ? 

For me, Plan A is to pursue Non Recourse Loans, to preserve my very strong FICO.

You don't necessarily have to start eviction proceedings on the 8th but by serving the notice your preserve your rights to evict later on.

An older building with the repairs can wipe out any cash flow for years.If you are investing this kind of money you really need to partner with someone in your area to be your advocate and show you things you do not know to look for.If any utilities are paid by the landlord is a huge one.With inflation coming around the corner utilities could spike and annual rent increases would not follow at the same pace.This would make you have diminishing returns over time.It would be better to have utilities on the tenants paying it as the cost would be paid by them and you preserve your margins.

If the deal goes south and the HML forecloses, the partner in second position may be forced to buy the property from the HML to preserve their interest.