Still reckless but now they have enough cash to walk away from the $500 each of them put into the security deposit. 

Incompetent and reckless property management company

The problem I’m seeing is the spending spree across the globe has been so reckless that virtually zero thought has gone into potential risks, so the properties are not trading at discounts to reflect any risk.

Cameras may make you more or less attractive depending on the guest, but could collect evidence that protects you if a guest recklessly gets hurt or something.

Well take $30K-$50K do something really reckless and absurd, get it out your system.With the other $950K...I would load up on distressed properties in the Detroit Suburbs, stuff in decent neighborhoods that go for 125K at market rate but foreclosed are at about 85-100K.  

They dont know the market, they are too reckless and they think its easy. values here have risen to the point to where its not as affordable as it was 10 years ago because of the flooding of out of state money. 

To do anything less is reckless behavior on your part and you open yourself up to an insane amount of liability 

If you rack up credit card debt due to reckless spending, then you lack self control and financial intelligence. 

I mean I guess technically I could...but that would be reckless and unfair to the tenants who depend on me to be able to fix things at the drop of a hat.

I also think it's great that you are being cautious and proactive instead of jumping right in and being reckless.