When evaluating a property for purchase you incorporate the vacancy as an expense against the annual projected gross rent roll to offset erroneous income calculated by multiplying the monthly rents by 12.Hope this better answers your question.

About liability I will remove non-sturdy items and tippy chairs but best advice is to be a minimalist this also controls costs.

I'd like to incorporate the Myers Briggs test in with the credit application.

We sometimes do that in flips for below and above the chair rail in the dining rooms.We have used grey in bedrooms and bathrooms of a flip.

"Worrying is like a rocking chair, it gives you something to do but doesn't get you anywhere" -Van Wilder With that being said, renting a home is investing, like all investments there is no guarantee of a good return. the only things you can do are a) keep some capital in reserve for emergencies b) screen screen screen c) diversify with multiple properties d) realize that you are only human and you will not make the best decision 100% of time...you cant always win, that's why you should hedge your risk with strong cash reserves just in case. good luck to you!  

You can ask for a written statement from a medical professional stating this person has a disability and requires the dog/s.It is ILLEGAL to refuse to rent to someone with a disability who requires a trained service dog, it would be the same thing as saying no because they have a wheel chair.

It is a common business practice for arm chair landlords to value a good tenant over higher profits.

If I do accept the dog, we'll have a brand-new Pet Agreement (which is incorporated into the Lease by reference), so I still have some leeway to add clauses to that agreement; it's not like changing their Lease in midstream.I really appreciate your input and guidance!

In my state (Washington), "Abandoned" incorporates the principle that the owner(s) of title have intentionally relinquished their rights to the property. 

The right hand side is for a chair and twin bed & desk, or just a larger bed for that space and the bathroom.