This is America -- land of the litigious.

This is one of the things I hate about America.

It HAS been done, and is still being done in America and abroad.  

The minority of Americas that do use opportunity cost in their personal financial decision making, more often than not, experience success far above average.

Given that some of the largest HomeVestors franchisees in america that have purchased hundreds and hundreds of houses (sometimes 100+ / year), choose by their own free will to stay with the system (vs. going out on their own), says a ton about the system.

Also, it is important for parents to financially educate the next generation the smart way.http://www.mymoneyblog.com/meet-americas-youngest-landlord.html

heh, i'm always worried about this situations as i'm a pet admirer myself and do find them so invaluable to wellness especially for the elderly, the disabled, and a few other niches like seizure predictions, etc. ditto for horticulture/gardening but fortunately houseplants dont normally cause any damages or liabilities like a tenants' lethal dog bites suddenly becoming the liability of the landlord as certain court cases in america have actually found (the landlord to be the statutory owner responsible for the dog's damages). i couldn't decide whether to put a 2M or 250M price tag on a toddler's loss of life, my bad in the story line!

That's not how money management works in America. :)I think there's a 50/50 chance your tenants are trainable.  

“In North America, California is now setting the pace, and we're very serious about it,” Brown told a crowd of hundreds at a climate change conference in Los Angeles.

Whether we have seen America in greater times to many across the world looking in our average is way better than their best economy, government, etc.