This is causing water leaks.

Inspecting revealed a water leak from the second floor, above the garage, that shorted the light.

Remember that although you’re paying them $36/hour, they have travel time to and from your place, and gas and upkeep on their cars in there too.

It will be self managed, I will be near the unit (less than 5 mins away) to clean and take care of any issues.My numbers:Approx Value of Home $240-280kCurrent monthly cost / $860 mo (mortg,ins,tax)Utilities / $250. mo (elec,gas,water,trash,internet)Cost to run as AirbnbApprox monthly cost with STR insurance ($250/mo?)

Thanks Stevo, I appreciate the reply and you could do it that way however, it doesnt really solve the problem of a potential runaway water bill from say a toilet left running while the tenant is on vacation somewhere or some other problem where water is left on or leaking.

Through all of my previous projects I've had W2 income but don't have that for my current project: converting a 1940's gas/service station into a coffee shop and bar.

The other risk is dishwashers leak when they are not working, so in the end you are not saving anything.

Some common disputes I see are concerning the landlord failing to do his or her duties under the lease (e.g. make repairs); slip and falls by a tenant or a guest of the tenant; injuries caused by landlord's failure to properly exercise his or her duties; environmental issues at the property (typically commercial, e.g. alleged that an underground oil tank started leaking causing damage to business); disputes over the security deposit; illegal clauses in a lease; failure to reimburse the tenant for a repair he or she made; Entering a tenant's property illegally; failing to disclose environmental issues such as lead paint; or trying to evict the tenant illegally.

So I am just curious if anyone is in any of his deals and has he had deals that are asking for Cash calls or being sold and wiping out investors  or leaking oil ??? 

What if there’s ever a pipe leak or something , wouldn’t water get underneath the LVP?