Remind the tenant that any repairs due to damage will have to be handled by them at their expense.

@Geann Peteira thanks for the info, are you talking about physically going up there or finding it online?

Let's travel in time back in the giant physical computer days. 360 days in a year and 360 mortgage payments (12 months times 30 years) meant they had to move less vacuum tubes around between calculations if you went with 360 day years.

Odds are the financial implications pale in comparison to the damage your ego will sustain based on a fear of failure coming to fruition.

Assuming they didn't do an AirBnB in a neighborhood they lived in it may mean traveling a couple hours to file, then for the trial.4) You have to show "actual damages" You can't assume X dollars are lost or Y amount of people would have rented.

Keep the policy active, and they should repair any termite damage found during the period of their active policy for no additional charge.

“Siding and trim is damaged / deteriorated throughout.

Ultimately, I would be sharing the wall and would be liable for any damage that their property would place upon mine in the case of an accident or poorly taken care off properties.

There is case law where one partner has been sued and lost because the other partner lent his car to his own son who then got into an auto accident with heavy monetary damages.

I don't have much to offer in the way of experience yet, but I would say these 2 books have really taught me a lot https://www.biggerpockets.com/store/rental-property-investing-physical https://www.biggerpockets.com/store/brrrr-ultimate .