I am completely and utterly un-researched in this area, and only know from Bigger Pockets posts and Marketplace radio pieces what the official word is, BUT -- I look around the IP - "inside-the-perimeter" area of Atlanta at all the ginormous apartment complexes going up, 4 within a square mile of the Decatur town square alone -- and I think I'll stick with the fringe area SFRs with yards, and allow pets. 

Lease, deposit, inspection, pet agreement, etc...

I'm very clear on my website as to what my qualifications are, so that weeds out many applicants once they see the background/credit check and pet requirements.

Use that data to build your rent roll and your renovation plan.Now that you have your target rental income, build in line items for ancillary income such as late fees, application fees, pet fees, utility reimbursements, etc.  

They’ve also recommended that I get a fence around my property so that renters with pets can let their pets roam around in the yard.

Who uses tubs these days other than pets and small kids. 3.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

If I did it, I would only do month-to-month, no pets.

Just learned that she has a pet in the house.

Many Older people don’t mind smaller kitchens and millennials care more about local places to eat and space for their pets so :0 Don’t overthink it imo