Plus, there was lots of damage in a short period of time from those instances.That's okay because I have great support from my property management company, PPMG.

AND with STRs you have no risk of evictions (which can get to be real expensive depending on the area)  and most damages that guests do are covered by insurance (either through the rental platform it was booked through or sometimes the property management firm has added insurance too).As someone that build a large long term rental portfolio here in Illinois (I still have 40+ houses here) and somebody now building a portfolio in tennessee, I would definitely recommend looking at new construction in some of these str areas. 

Even a small claims court option might help you recover some damages later on.It’s definitely a tough situation, but focusing on getting a clear bid for the remaining work and being upfront with your lender could provide the best path forward.Wishing you the best with this—stay strong!

If the investor fails to make payments, it could damage the seller’s credit, even if they've relinquished control of the property.Insurance Issues: A change in ownership might affect the property’s insurance policy.

In fact, people are more likely to sell and move elsewhere if they are overwhelmed with the damages.

Is the water leaking from a pipe, damaged roof, clogged gutters, or some other source?

The owner whose HVAC was clogged has been uncooperative and is refusing to pay us the cost of the damages.

Under F.S. 83.595, landlords have 4 options when a tenant terminates early, one of which includes charging the tenant an early termination fee (no more than 2 months' rent), but if your lease agreement does not provide for liquidated damages upon a tenant's early termination, you have only 3 options as a landlord.

We rarely have issues with animals causing damage and less than 1% of all pet owners cause more damage than the security deposit will cover.Pet owners pay more and stay longer.

I had a renter cause damage.