This is why appreciation has been higher in submarkets of NYC that have high rental growth (think Williamsburg) than markets than have had regular rental growth.  

The renters policy will pay those costs as well as other costs that are incurred such as meals, cleaning, etc.If someone gets hurt while in their unit, normally the injured persons attorney will sue both the Landlord and the Tennant. 

I can’t imagine an addendum like this being used regularly in Jackson, MS.

They have been very good tenants and they are keeping the house clean and well.  

@Dennis Solari You are going to have to run the numbers on any property you might be interested in.Then you need to look Vrbo and Airbnb and see what properties are renting for and how often.Put all this in a spreadsheet and add in utilities, furnishing, consumables, cleaning, PM (unless doing this yourself), yard maintenance, house maintenance, tax and insurance and see how the numbers shake out.

We painted all the rooms and cleaned the carpet.

My partner and I are in negotiation for a 6-unit property in NE Ohio, below are details: 4 rented, 2 vacant / average rent $735 (4 rented units $720, 2 vacant $775)Owner pays water, sewer, trash2 br, 1.5 bath, roughly 900 sfGarage with door + extra parking areaRoof in good shape, air and furnace in good shapeRealistic gross all units filled: monthly $4,400 / yearly $53,000We walked through both vacant units, very clean and basic.

If the property is currently a meth lab, the condition of the prop alone should deter anyone from buying it (unless these meth guys are extremely clean and responsible).

Thanks to all of you ...I currently use a rental company but was curious as to what of those who do their own rental and hassle with cleaning and maintenance between customer stays did.I pay 20% and my HOA is $750/ month..making it hard to make a profit

. • Proof of regular investment earnings, social security or other form of governmental rental supplement. • Any additional sources of income that applicant wishes to disclose (i.e. child or spousal support, trust income, financial reserves, etc…). • Any rental subsidies which you wish us to consider.