If you are going to post it before doing the work, make sure you add the date when it would be available to move.6) I would make sure they understand the policies and rules in the lease agreement and expectations regarding rent, maintenance, and behavior.

In Private Letter Ruling 8429039, the IRS stated a minimum holding period of 2 years.

It has a ton of practical information, links to your state laws, sample forms, and it's all easy to understand.

I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals and you get amazing appreciation.

These types of properties tend to receive more damage so in the event that durable products and methods are still not enough these properties need to be easy to fix and turn.

As for noise from up-stairs, I would probably try installing new ceilings over the existing ones using something like resilient channel but this really isn't easy while occupied. https://www.clarkdietrich.com/products/resilient-channel-sys...

It is possible to manage from a distance, but it's not easy.

IE: If someone fall through a rotten step would be negligence because you didn't get it fixed asap, where as kicking someone out because they didn't follow the rules, that is contract dispute.

There aren't nearly as many rules. 

My rule is to always shut off water if its going to be vacant and I'm going to be out of town regardless of season.