However, the growth in student body should outpace supply, which is why for the long-term, we see the student population eventually providing a stable rental base as the city moves more toward a traditional college town investment. 

Let's just go back to 2006, warm body loans, 100% financing or more and no consequences.

Property Managers are somewhat immune from these swings.

I had to take time off work to give my body time to heal and find another vehicle.

You are just changing your scenario and comparing apples to oranges now, where earlier you made a statement as if leveraged properties are somehow immune from the same vacancy risks, and as if there is no expense there when they are sitting vacant.

There are three regulating bodies in Santa Cruz County: the City of Capitola, the City of Santa Cruz, and the County of Santa Cruz.

The regulating bodies in Santa Cruz know this and have placed heavy restrictions on short-term rentals as a result.

my blackberry is like an extension of my body.

Most of these types of loans still require a warm-body guarantor, however, so always keep that in mind if you're soley looking for non-recourse loan options.

Most of these previously discussed are in the body of the primary lease document.We have (mostly) SFH so we do have a pet addendum, and a pool/spa addendum when necessary.