Also I am utterly shocked at the number of folks in here saying no lease until taking money.

I cant imagine a situation where you would be in trouble over asbestos in the joint compound only(because it is sealed), except when you go to sell (disclose to buyer) or take on a big remodel (tearing out walls).I think it is reasonable to include the cost of remediation by a professional company (shockingly expensive to do by the book) in your negotiations on price, as the next buyer will likely do it to you.

Frankly, I had sticker shock w the cost of insurance here compared to CO but she got me what I believe to be a good rate from Lloyds of London, even though I have property very near the water.

I was shocked and saddened.

I was told by a Realtor that the West side is more desirable to locals (which I was shocked at due to Grosse Pointe being on the East).

It comes as a shock to many sellers the first time they are in contract, so you have to let them do a little work to come to terms with this before coming back with counters. 

I was shocked to learn this.

You’d be shocked by how little actual screening many PMC’s do!

.- How you chose that location and what research you did before buying.Add up mortgage, taxes, increased insurance, CAPEX, maintenance, furnishings replacement, increased wear and tear, utilities, and property management (even if you are doing it yourself, it takes your time which is worth something), you'd be shocked how much it takes for an STR to be profitable.

This actually might be a good way to avoid the sticker shock of a big rent hike and possibly prevent the tenants from retaliating and trashing the place.