This keeps the load manageable and weeds out the tire-kickers. 

Denying a potential applicant based on factors not related their financial capacity could be deemed discriminatory.

Hey Michael, This is a loaded question as there are a lot of variables that will play a roll into the cost.

Run every machine with a load in it.

They don’t appreciate a house and want it dirt cheap but but wear and tear on your appliances while over loading your washer and dryer.   

As Disney opens up to much higher capacity I’m assuming things could be better than I anticipated.I bought a villa also, not a cottage. 

We are an all electric home and were able to get 96% of year round capacity because we had been year round the year prior but most years we are not.

Chris - Did you approach the seller about seller financing in any capacity?

That could be a very well invested $100 or so.Additional expenses I add are municipal inspection fees, inflate the cost of all repairs if your prop mgt company is handling them for their load onto the repair cost and utilities while you hold the property initially and with turnovers.Overall, I wouldn't say this is a bad idea if you know what you are getting into and are comfortable with it.

If everything is fine on the legal / rental side of things I would stipulate in the lease that the large living room closet would not be allowed to be used as a bedroom and would need to be utilized in some other capacity i.e walk in closet.I understand no one can give legal advice on this site but guidance or websites to look over would be a huge help!