Some might take this as a sign to turn away from real estate investing right now but to me, I felt optimism actually.

I went to the property and some other red flags came up.

Last point then I will shut up is what worked the past ten years most likely will not work for the next ten.

My initial recommendation is tighten up your lease.  

It is not something my partner has heard of before and her family and other guests have stayed at the home throughout and summer, up until 2 days before this renter and they have never mentioned it. 

Boom... intro letters clears up some of my confusion!

If you’re interested, please let me know and I can pair you up with one of my mortgage brokers and we will help you out! 

It cost us a lot of time and money to get it back in shape. 

For example:  I accepted a woman and after she checked in, she said that she would be "cooking up a storm" for her elderly father. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.