That way when your victims, oops I mean students, inevitably fail you can keep finding others to fleece, and sleep like a baby at night. 

Even with vetting guests, they still sometimes break the rules and bring large dogs or have parties. 

I may lose sleep if I paid the bad tenant to leave and sleep is precious.  

If I say I will pat a bird dog for properties I purchase, I do.  

So for you maybe you figure out how to do this and bird dog for actual note buyers and see if you get any traction ..

I told them puppies and unfixed dogs would be a no-go for us. 

We're amazed and wonder how you are so lucky, because the few times that we have trusted guests to do something like "bring a 25 pound dog" it ends up being an 80 pound mixed breed dog that barks all of the time.  

Now there's only 1 or 2 of them, plus a few males, 2-3 dogs, and there is sad looking traffic going in & out of the house.   

@Travis Bobo  the written gurantee is WORTHLESS  they just fold up and move on.. what are you going to do.. there is no free lunch in real estate and there is no buying your way into success its earned and its dog tough do not let anyone tell U otherwise.. listen to Steve he knows as well.. he is a for real investor who does deals..

Ponying up $500 that they'll get back in 14 days may seem more attractive -- but, I'd still consider this one a toss up.However, in my "sleeps 14" ski condo INSURANCE is definitely the way to go.