Were there any unexpected issues? 

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.

Make sure you leave a buffer in your budget because sometimes unexpected expenses come up.

Therefore, even if I obtain a good value for the surface yield, it's possible that the Net Yield is unexpectedly low due to unexpected expenses.In Japan, the ideal yield varies depending on whether the property is new or used, the bank's interest rate at the time, and the real estate market conditions, but if the real yield on any property is 10% or more, the property is reasonably profitable and the cash flow is sufficient in many cases.

Financial Management:Keep a tight grip on your budget, including acquisitions, renovations, and unexpected costs.

Financial Management:Keep a tight grip on your budget, including acquisitions, renovations, and unexpected costs.

Financial Management:Keep a tight grip on your budget, including acquisitions, renovations, and unexpected costs.

Financial Management:Keep a tight grip on your budget, including acquisitions, renovations, and unexpected costs.

Look for wear and tear or improper installation or (possibility) the Guest "created" an accident.  

I have typically seen in my own portfolio that tenants will put in a few maintenance request early on, and eventually settle in causing a few unexpected invoices.