( think anti loan sharking) you want to check that first.small second behind a large first is as @Jon Holdman states a terrible idea and loan. 

The city has done the investor no favors with the tax hikes, however they did everyone a solid with the anti-gentrification legislation, how they felt that would fix affordability is laughable but it will ultimately lower density and serve to drive new construction of SFH/Flats faster then letting the deep pocket guys continue to make bets on higher density buildings.With regards to your comments about 'generations' unless the city and the global economy at large hit the skids, you're talking on a timeline of a decade or two.

Beyond the mechanics of the lease, there is a lot to think about at first - like pets and fees, income verification and scams, pricing strategies, and communication with your tenant. 

This leads to a gray area where it is the landlords word against the tenant.The are only a couple of the provisions of this blatantly one sided anti landlord bill 

You got to the right action eventually, which was to swap it out when you couldn’t get it repaired quickly.Big takeaway is big box warranties are useless (a scam really) ESPECIALLY for landlords.I wouldn’t deal with them, local company for repairs and/or replacement, every time.

There have been lots of scams over the years.   

Cons: Cleveland City Council has taken an anti-STR position for a long time and is currently proposing more restrictions (as are other local municipalities), it's very seasonal, all the houses in Cleveland are 100 years old and thus work/cash-intensive to maintain to STR standards.PM me if you want to meet up and talk more! 

If it's easy... it's probably a scam. 

Also Tai Lopez ads keep popping up about real estate-to me he is a scam (jack of all trades master of none & in his case he will sell anything to make a few buck).

I understand that my communication may have sounded like a scam, so I suggested to the tenant that they verify the transition with the property management company, which they did.According to the property management, the existing contract is valid until the end of its term, which means there's no need to prepare a new contract, and everything should continue as is until December.