There are lots of flaws with the argument though:1.By nature STRs do not have long term contracts with their "tenants".2.  

These three cities from the rental income of $3,000-$4,000 list were on my list of markets to check out and helped validate my research even more:#20 Richmond, Virginia: Airbnb rental income $3,247#32 Round Rock, Texas: Airbnb rental income $3,418#53 Henderson, Nevada: Airbnb rental income $3,909It is broken up by rental income segments ($2,000-$3,000; $3,000-$4,000, etc.), so some numbers overlap, but there are some excellent data points to consider.

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

Transitioning into hard money lending is a natural step given your experience.

Temperature control:  It's always naturally cooler downstairs, and in the heights of summer and winter, I just cannot get the temperature regulated for both me and my tenant to where we're both comfortable. 

People in C and D class will tell the tenants to use their insurance and kick rocks.

Funny how opposing viewpoints are financially driven :)Im a real estate agent who self-manages, so naturally I'd say find a great agent.

Some things I do to avoid bad situations: screen well, only have properties in good locations where people actually want to live (I find tenants behave better when they know they have a good thing going for them and that they are easily replaceable), set proper expectations, have a rock solid lease, go over it with new tenants to make sure everything is clear and agreed upon, and enforce the lease by issuing a formal notice to pay or quit every single time rent is late by even one day (and charge the late fee), or a formal notice to cure or quit every time there is a lease violation.

it has seven offices that can be used as bedrooms if a person wanted to make it a Boarding house, a pad split, or something of that nature.

As they say the loudest boos come from the cheapest seats - I wish you spoke to the revolutionary nature of this marketplace and the breakthrough we achieved by risking a LOT of ad spend to help the industry have a better alternative.