If, any bad tenant could be evicted in a few days and held responsible for the damage they caused.

After I got rid of Joey (along with my money), I slept on an air mattress in one of the bedrooms for ten months and worked on the house as much as I could, sometimes paying for help.

@Tayvion Payton here's some useful info:Recommend 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?

The cons as i see it include loosing the 2 of 5 year cap gain exception, typically not an ideal rental because the emphasis at purchase was buying a good home for your family and not a rental with optimal return (my ex-home consistently has the lowest cash flow for equity in my RE portfolio), not disconnected enough from the property causes addition angst on damage and may result in over improvement.  

The crash caused significant structural damage, and the driver fled the scene, later reporting the vehicle stolen.

To me the biggest issue with out of state investing and long term rentals is that you have to deal with property damages and/or evictions. 

Use of Euro-style wall units for air-con.. 

This slippery slope leads to practices that harm clients, damage reputations, and erode the foundation of trust that’s essential in the real estate investment industry.As brokers and lenders, we should celebrate the success of our clients.

Ultra wealthy to me is the exact opposite of what got you there.  5/3 house in Nice and another in Buenos Aires.  

I hope you or someone is at least keeping an eye on your properties for break ins, squatters, roof leaks, temperature control, frozen pipes (if in cold climate), if you have a basement and sump pump goes out leading to water damage etc.I just talked to two investors in California that have let their properties sit vacant (no mortgages so paying property taxes and insurance).