This is not a pet at this point.

-Furnished rentals are a must, lots of travel nurses bring their pet as well. 

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

It is not that different than charging pet rent/deposit, in my opinion.

Dear All, I would like your input on dealing with late rent payments and pet fees/deposit. 

Same thing for any unapproved pets found on the property.

Here are the numbers:3 bed, 1.5 bath - 2-story, 1152sflist price: $180k, purchase price: escalated to $200k (comps at $215k+ in same neighborhood)downpayment (20%): 40kclosing costs: 6,500repairs: 3,500mortgage/insur/tax/hoa: 1,335Rent: 1,775 + 50 pet feeCashflow: 490* (repairs/vacancy/cap ex fully funded for year 1 out of purchase commission, then use profits when needed for year 2+)CoCr: 11.76%

You should have a strict no-pet policy (unless a service animal with paperwork), or accept pets with a security deposit amount.

Rental income can be anywhere from 50%-150% more than what you'd earn as an LTR, depending on your design, location, whether or not you have an in-unit washer/dryer (uncommon in older highrises), proximity to the El train, and complimentary (or easily available in-building) parking along with being pet friendly.This said, the biggest hurdle with highrises in addition to HOAs (which can go up and/or CHANGE at ANY time) is the rental restrictions.

Always ask if they have any animals (not pets).