The problem is that there are no limits on how many short-term rentals a single property owner can operate, he said.In some Arizona cities, Drennon said, “bad actors” are buying and converting entire apartment buildings into Airbnb rentals, effectively creating hotels in residential areas and depleting local supplies of rental housing.By contrast, traditional hotels typically operate in commercial areas that have much higher property tax rates.Many cities around the world — from Paris to New York City and even Airbnb’s home city of San Francisco — have laws that limit short-term rentals to protect the hotel industry and residential neighborhoods.

But again assuming it's not bad shape you could (or really should already have) a reserve acct to cover them...

I would love to find some government grants or low-cost loans because our town needs good quality rentals. 

Dog urine isn't as bad as cat urine but it could be too much.

The bad ones are the boxes of receipts with no more information. 

Before hiring a property manager, you should educate yourself on what a good one looks like vs. a bad one.

Refinancing in a soft market can leave you in a very bad spot if you are not careful.

When I run the numbers at 40% vacancy it looks like a bad investment, at 30% a decent investment and at 20% a great investment.

How many of us have made bad decisions and lost money, yet we always call it a "price of education".

Let's also assume this plays out across several properties, so we can safely utilize a market cap rate of 7%.Assuming your building is identical in terms of unit size, quality, location, etc - You have 14 units with market rent of $1k/mo ($168k/yr PGI).