NOTE: If you come into this situation, screen the guarantor and make sure they are in a position to effectively guarantee the lease.

It is a great example, but if you cover your costs, you are killing it, taking home extra cash would be a windfall.  

How is it an investment property if your rents do not cover expenses?

Lining the dishwasher space and sink base with some kind of protective cover?

I am wanting to know if I could make the sides out of wood and cover them with hardie backed board (concrete board typically used to attach tile on) to protect wood frame from getting to hot and catching fire.

Often times the rent will cover or exceed your mortgage costs.

The pre-moveout inspection is an opportunity for the landlord to list any items (beyond normal wear and tear, ie holes in the wall, stained carpeting, broken blinds, missing or cracked switch plate covers, etc.) that must be repaired or cleaned prior to move out.

(rent income covers expenses, mortgage, and more)My experiences: How many properties and how long have you had them?

However, it's a bank owned property and know they have been known to cover stuff up and sell as is with no disclosure so want to try to place it safe.

@Anthony JankeFinding something that would reduce what you are paying in rent would be an improvement but I would encourage you to try to find something that would at least cover your expenses.