3% on 50k would be over $1k. 

Over the course of using Bigger Pockets I have had very degrees of opinions on who I should vote for concerning a post.When I first started using Bigger Pockets, I was too naïve to even think of voting for someone that took the time to answer one of my post.  

Quote from @Eli Ling: You are losing over $160 a month or $1,920 a year by keeping a tenant who can barely afford the reduced rent, and he complains even though you provide pest service.

If you have any questions and/or concerns on mortgage financing, please let us know if we can be of any assistance. 

I imagine it’s a relatively short drive from Southwestern Ontario, and it offers some unique opportunities that align well with what you’re looking for.Detroit has seen tremendous progress over the last decade, with significant investment and revitalization in many areas.

Im looking at REsimpli and I have a few concerns that I was not able to get from the answers to in the "frequently asked questions".1.

@Erica King Sounds like this is more of a personal budgeting concern rather than a real estate one.

These are pretty much the replies I expected, but great to hear that I'm not the only one concerned with guest safety. 

The most reliable way is look at other STR's in the area and see what their nightly rates look like over the year and look at their occupancy rates. 

This would apply to your unit.Your biggest concern with setting the rent should be the near future. 1) Your insurance is guaranteed to go up, probably dramatically.  2) You may get an insurance assessment bill to cover the CA Fair Plan losses.