In fact if you don't do proper due diligence some are "traps" with bad layouts, fire damage, and tiny sized lots. 

It was over $5,000 damage but the bed bug company said it wasn't their fault and the tenant signed the contract that the bed bug company wasn't responsible for any damages so I was stuck with fixing it myself.

If cybercrime industry was a country in 2021, it would have been the world's third-largest economy after the U.S and China, totaling a 6 trillion USD in inflicted damages.

If a blind gets damaged, they are likely responsible for the damage.

@Catherine Emert - In Virginia too, and likely in every state, tenants are responsible for damage they cause, including a pest infestation.  

who covers maintenance and damage?

If the security deposit is not enough to cover lost rent, utilities, and damage, you are welcome to sue in small claims court (which most of us have never done).

.- increase in vacancy to 30%, 40%, 50% (this could be a combination of bad luck: one unit water damaged, one unit tenant trashed, and you have to evict two more - on a 10 unit portfolio that would be tough, even though only temporary)- lower rents (for whatever reason, what happens if rents go down 10% or 20%?)

I have bought notes based on bank saving time legal fees and property damage during the foreclosure process, if you were buying residential paper I would look at the foreclosure timing first if it is like Wisconsin you can get the banks attention if it a very fast moving process like I am told florida is note purchass can be difficult

Worried about no pays or damage?