I estimate that our exact house without the pool would rent for approximately 30% less per week, which would destroy the ability to be a viable rental.

If the place is clean and not destroyed let them go and get it rented again.

You are funding everyday folks that are looking to consolidate debt at lower interest rates.The way the site mitigates your risk is by diversifying you over hundreds of these loans, so if one borrower defaults it does not destroy your investment.You can literally put as little as $25 spread across hundreds of borrowers.Like anything else you can in invest in lower risk borrowers and get 5-7% I believe, or higher risk and get 8% or so.Man, these P2P sites should pay me for this post...lol.  

(Example - lien on an old gas station with leaky underground tanks)Lien on an improved property is destroyed before foreclosure.There are many other ways. 

(I can imagine people saying something about tenants having the power to destroy property, yes, but you have law and custom on your side saying that's wrong) There are as many different styles of management as there are people, however the best managers whatever their personality are fair, legal and respectful.

If the purchase was an REO or short sale, you run the risk of destroying the relationship and being added to that bank's (seller) "black list".That all said, if you are able to contract a deal with such great numbers, then in a market like we have today where there are more cash buyers and fewer available deals, you should not have a problem so long as the numbers are accurate.

It actually caused a chain of events that really destroyed a lot of my personal finances.

I do not let him vet the tenants any longer but the last tenant I got with a job, first months rent and security deposit quit paying and destroyed the unit before leaving.  

I am also covered for loss of rental income during the renovations if the house gets flooded and destroyed.

I am a super mutant monkey ape that will take over this planet by farting, destroying the ozone layer and hold everyone hostage threatening to keep on farting if they do not make me their supreme overload.See the difference?