Plus, usually no payments are coming in during that time, the tenant(s) may need to be evicted, the property usually sits vacant and comes back in worse condition.

If it is easy to separate the electrical I would but usually it is not easy unless you are doing a huge rehab.

It's always good to keep extra money in your pocket.

Thank you as well for the advice on checking on the legality of any extra work done on the property, permitted or not.    

Ours states appliances are "as-is, where-is", meaning we do NOT have to fix or replace them.Now, if we have a great tenant, we will usually work something out to keep them happy to eventually renew:)Why don't you offer something, but also REQUIRE they extend the lease for another 12 months?

Get a high lease price or profit sharing, due to the extra wear and tear.Make sure they are licensed and insured and local.Get a personal guarantee outside of their LLC name.

It depends on the size/length of the job, but usually 3 or 4 equal payments throughout the work.   

The new policy may also hurt first-time buyers as they are usually cash-strapped.

That cuts down on the chances of cracks spontaneously appearing in the stack and branch drains, or in the shower trap, which is very much one of the usual culprits in this sort of situation.The chances that three plumbers were "unable to smell even a slight odor" when they went and yet there is a powerful stench at other times is quite possible.

Pre-screening can lessen the number of unqualified applicants and lessen this issue, but when a landlord decides their process they usually choose whether to pre-screen or not based on their own needs and saving their own time and effort not for the benefit of the tenant/applicant.