The bathroom and kitchen were replaced.

And if you really want to diversify, invest into multiple replacement properties with the proceeds.

I just extended my lease to a 2 year lease because of this success and fully believe that this airbnb will continue to do well.The newly onboarded airbnb:So the new airbnb had a little bit of a rough start, the laundry machine had to be replaced as it stopped working whilst I was testing things out in the home, I had a bit of a higher cost setting up the airbnb, (painted and filled in cracks that were previously present) but to be honest I spent around the same I would have spent if I had to fully furnish the home.

I requested money from the guest for replacement and contacted Airbnb in the meantime, and the guest left me a bad review because I requested them to pay for it. 

You can replace the switch to one that requires a key to move off and on. 3) We have a repair deductible in our lease, but even so, something originating in the common area wouldn't qualify to be passed onto the tenants.

It’s easy to switch it up or add to it or replace it if parts or the whole thing gets damaged.

And buy 2 replacement properties.1.

I recommend establishing a reserve fund for major turnover expenses, capital repairs like a roof replacement, etc.

Says roof repair & does not say roof replace so by the description only it looks like a patch job.  3.

Otherwise, yes you have to either excavate and repair and replace or run a pipe burst through the line, which is usually as expensive as excavating.