However, a lot of concerns can be mitigated with looking at their past rental behavior in a lot of different settings.

., income, credit score, rental history) to evaluate applications in the order they are received.Notify Applicants: Let each applicant know you will process applications sequentially and explain your timeline for review.Act Promptly: If the first applicant meets your criteria, move forward with their application and provide them with a clear deadline to sign the lease and pay the deposit.Move to the Next: Only if the first applicant does not meet the criteria or declines the lease should you proceed to the next application.By focusing on one application at a time, you simplify the process, maintain transparency, and mitigate any potential fair housing concerns.Lastly, since housing laws can vary by location, double-check Arizona’s landlord-tenant regulations to ensure compliance with any local rules about how applications are handled.Best of luck with your rental process!

If you get cat urine in the house, it can cost you 10x the pet fee to mitigate the odor.

Quote from @V.G Jason:  Extract the long-term value(appreciation) by hanging tight for 8 yrs ++,  mitigate cash flow by keeping more money in the deal and/or altering rental formation. 

That way someone bringing a service dog, which is not considered a pet, will have fair warning of the danger. 

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

However, a lot of concerns can be mitigated with looking at their past rental behavior in a lot of different settings.

I also can see on apps early on if have a dangerous breed and can put those apps in back of the pile rather then it being a surprise later on. 

With any investment there are risks, but how much control you have to mitigate risk is what makes the income snowball a low risk strategy.

That means having a great property manager and attorney.I've had a few problematic tenants since I started investing in 2019, but fortunately in each of those 3 cases we've been able to negotiate an early lease termination.All investments come with risk, so the key is to mitigate and manage it as best as you can.