Reaching out to other investors in the area to find someone trustworthy and switching things up before the damage became too costly.From what I’ve heard in Bloomberg, cities like Indianapolis, Omaha, and Austin are all great for rental investments.

That led to uncovering significant water damage throughout the first-floor unit's bathroom, forcing an immediate renovation.

What happens if a tenant causes significant damage?

@Jeff SkinnerRecommend 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?

He doesn't have to worry about a rough needing replaced or a tenant causing $20k in damages after one year living in property.  

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

This also allows for property owners to more easily write-off assets that get damaged/destroyed as the value of these assets is determined as part of the study.

The lower your price, the worst guests you attract, both in reviewing you and in doing damage to your furnishings. 

Also, consider this copy & paste advice below: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 Class A property in Class D area, what quality of tenant will you get?

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).