This can prove to be difficult if you're not prepared to dish out those funds when required.

In addition to mortgage, insurance, taxes, and repairs that you would have in a long-term rental, in a vacation home you must pay for utilities year round, gardening/pool cleaner, advertising, supplies (if the towels or sheets get worn out, you must replace; dishes broken, you must replace), deferred maintenance (cannot be deferred long or guests will complain), etc. - Understanding area occupancy rates is key.

Hot water is good for showers and overall sanitation such as cleaning dishes, so immediately.

I know have a huge assessment in the lease for any animal found (or food dish for outside cats) on the property with prior permission.

I've also been looking at Las Vegas for a number of reasons, but mostly the opportunity to find something in the 1% RTV range, and without having to dish out a huge cash outlay for my first property.

Updating kitchen may be tough to dish money out on but if pm knows his/her stuff and is recommending you do it I would have to agree from the info provided.

Not to mention, a lot of people put dishes in the dishwasher without rinsing it off to remove food remnants, which to me would imply the tenant was negligent, which cause the problem.I had a tenant move into a SFH from an apartment and put paper towels in the toilet, needless to say it caused a major problem, but since I had a clause in my lease about negligence, I paid for the problem to be fixed and they repaid me.

But they are highly mistaken, I know numerous people that were not allowed to get certain jobs, or join special units due to debt that is considered a security issue.When I left Korea I had to terminate my plan with a Korean phone company, but guess who had to pay the other $400 for my sweet new iphone.

I usually listen while I am painting an apartment or doing something mindless like dishes.  

I just got done replacing a broken faucet , I got there at 9 am and the sink was full of gross dishes and pots and pans, there was 5 trash bags in the corner and clothes laying all around .