The problem with people getting underwater in real estate investing is using inflated numbers or being lazy.People got caught up in bidding wars for houses and paid far over market value, causing the mortgage to be higher than market rent.

Glad you kept the main menu nice and simple where as the banks I used switched to fancy graphical interfaces with constant glitches causing me headaches. 

We generally advise our clients to do some of the things that might not have to be done, but could cause you problems later.

By being formally trained and educated in the space, agents understand the nuisances of theses practices and know how to successfully execute to qualify the tenants without causing any harm to their landlord client. 

Could it be a cause for concern or become a big liability in future?

In my area there is a lot of pre foreclosures which is a property problem which I know but it's so hard to find that one person 😂 also I have to do virtual instead of door knocking cause I'm currently on house arrest.

So if waiting will cause a large inconvenience to you and your family, try to sell now.

I took the 40-hour course and got certified to do lead abatement about 15 years ago and never was interested in getting involved with lead abatement.Lead is also found in older bathtubs when lead was put in the glazing and in ceramic tile.Personally, I think lead is more dangerous than asbestos because lead causes very serious mental issues for children children where they really do become mentally handicapped vs. the b.s. about mold and even when asbestos is present in a rental unit, or commercial building the chances that the asbestos is loose enough to circulate through the air is slim to none, but there are some rare claims.

Might be the idea but in practice in high priced markets does not solve the affordability issue which for instance in PDX caused the state and city to enact rent control over the entire state and a further enhanced version in the city of Roses. 

I have a clause in my lease about the tenant being responsible for pest control, however, if the "pest" whatever it is, is causing damage to my house ( or could cause damage) then I take over and resolve the issue.