If you don't have this, assume that you will have to eat the cost of a tenant punching a hole in the wall, destroying the carpet, and breaking the fridge.Bills or anything to verify what the actual expenses are on the property.Cutting closing costs: pay with cash

No destroyed property to repair.

Carpet will get destroyed in a room like that.

Yes, I'm presuming I'll make a huge profit, but I could be wrong it could be destroyed inside...

But she couldn't afford her partial rent and destroyed the place - $12k in damages alone.

Another pro is that they can potentially become long-term renters because it's a guarantee they'll be in town for the next 2-4 years.On the flip side, students can sometimes cause more damage than your average renter, so make sure you're asking for a deposit that will cover you if they destroy the place and always make sure you require renters insurance.

You live in one unit, rent out the other ones and essentially have your mortgage paid for you, and you can save your income checks to destroy your other debt and prepare for your next investment.

Yes hurricanes are a very real thing and can pretty much destroy a town if it's a big one.

Airbnb is the devil here, we are destroying neighborhoods, ripping the very fabric of the city to shreds, etc., etc.

Nobody to perform an initial inspection to make sure to hold the tenant accountable for anything that's destroyed once he moves out.In the same time we want to accommodate the tenant and NOT increase his rent since he lived there for 2.5 years now, and we will HAVE to increase to cover the costs of hiring PM.