I've had some issues with plumbing; mostly weakened pipes and deteriorated valves.The plant life moving in; roots, vines and branches can get into place and cause some damage.

You don't think it would cause a problem if two tenants in the building are paying 5-10% less than the other two?

You'll have to determine if it's worth holding it for a month for him cause realistically you'd be losing money by holding it.

Also because usually all uits are the same age, you have the same thing go wrong around the same time, costing double for repairs -Ex: one 20 yr old AC unit goes bad - two months later, the second 20 yr AC unit goes out.so those are things to think about...As a first time landlord 3 tenants may seem a little intimidating at first, but you may find that much like wild animals, many times they are more scared of you, than you are of them - just don't let them smell blood, cause they can still be dangerous.

Its the part of the policy that states if the renter were to be the cause of damage to your property, their renters insurance will pay up to typically 100k for the damages.

My attention to my property has also caused the adjacent 4plex with a partial shared drive way to shape up their exterior, pick up any trash outside, etc.

What was rather ignored was the fact that a deed is effective when it is made, not when it is filed, so technically, that could cause the agreement null and void, as the buyer agreed to buy and at the same time, deeded the interest back, but the deed was basically kept in the drawer, held by an escrow agent and often held by the seller!

Economic optimism is causing folks to want zestimate or more. :( You might come to the REIA meetings and talk with the locals who are doing deals as another networking tactic.

I feel like the chance of losing everything due to being sued is much less than the risk of losing everything cause one had too much debt.I definitely agree with a healthy mix.

If they default or cause damages in excess of the security deposit, who do you collect from?