We investors are a special breed👍

(which appears to be what question you're actually wanting answered)*Insert generic "I'm not a lawyer, consult your own professionals" statement here*First, I have all tenants fill out a worksheet that indicates what type of animal it is, including generic information about the dog such as name, age, breed, and who does the dog assist (if not readily apparent and there will be multiple people residing in the house.)

We informed them ahead of signing of the breeds we don’t allow. 

Do the tenants have any pets (if any dogs, what breed)5.

WARNING: doesn't always hold up in court:(2) Pet Rent: depends on breed, size and rent amount.

Ownership of a dog breed that would have nullified my insurance.2.  

These properties can often breed frustration, which can hinder your sense of achievement.

It's a lot more volatile investment than real estate, and not something I would recommend investing in unless you were willing to take some short-term cash swings (monthly costs are pretty high and income isn't steady) and unless you have some other reason for being in the business (I'm a city boy who loves animals and wants my kids to grow up with some experiences I didn't have, so getting to the horses/farm with my kids is a big bonus for me).Horse have many of the same exit strategies as real estate -- you can buy them, improve their racing form quickly and resell at a profit (flipping), you can race them consistently (once or twice a month) for years and just collect the cash flow from their races (buy-and-hold), you can breed horses and raise them to be racers (development/new construction), you can buy really expensive horses with passive investors (syndication), etc...Happy to answer any specific questions, but don't want to bore everyone with this topic...  :-)

Talk to a BP agent as I have...these illegals now are a different breed than decades ago.What about during the Biden years?

Essentially they're a letter the seller puts together for each tenant stating the basics - whether they have a lease (and its termination date) or if they are month to month, what they pay each month and whether they're current on those payments, whether they have a security deposit (and if so, how much), whether they have a pet (and its breed, name, & age), whether they pay extra for that pet or have a pet deposit you'll have to refund, etc.