But with business they make it seem like one can never recover or go into another type of business .School and media definitely plays a role too .If you turn on the tv there are 1000 talking heads screaming at you to buy XYZ stock but none advocating to invest in property.There are the "flipping shows" but of course they are filled with drama .I guess a tv show about somebody that owns rental property would be pretty boring though ... except for BiggerPockets users .

It will also cover the tenant's stuff -- which will prevent drama -- if something unfortunate happens to the property beyond everyone's control.

Also by the room has common area maintenance issues and if you have 3 or fewer bedrooms it is not to me worth the drama/costs. 

The oven-cleaning fiasco she has now been reliably shown to have pulled -- you would never have had that kind of conversation with the fire chief otherwise -- exposes her silly, drama queen behavior clearly.

He eventually agreed, saying that he didn't have the energy to deal with her drama anymore.

Some landlords and management companies serve legal notices as their first response, but we choose not to because that usually is perceived by the tenant as harsh and results in souring the landlord-tenant relationship.

“Back in 2008, when I worked in the cube, I felt more fearful of being stuck in the corporate world 5 years down the line than trying and failing at buying rental property.So sometimes you have to create a bit of drama to pull the trigger.  

That sounds harsh but you are running a business not a charity.

They need drama and excitement. 

I really do not want this to come across as harsh or mean and I realize as said earlier everyone needs a place to stay, assuming you can mitigate risk this could also be a good long term deal you have with over market rents, it is just up to you if it is what you are looking to get into.