I'd check for that before installing LVP and replace the subfloor where needed and treat any termite damage. 

But I draw the line when there is risk of damage to the property, annoyance to the neighbors, health concerns, pests, etc.

Really low prices bring dregs and all the work you did could get damaged.

If I was the tenant that got damage from another tenant's water heater, I would expect him to pay the bill.If it was a pipe in the building and not in their unit, then I would think the landlord would be responsible.

And now your building a community and reputation with the BEST finance-$ there is, PRIVATE-$.

This way the tenants will be held responsible for any damages. 

While I read reviews, I typically use it to remove those that I would not invest in, meaning does the sponsor have a bad reputation.

Things to consider: daily internal operations, external branding and operations, lending, in addition to inside out *legal protection and outside in** legal protection, privacy/anonymity/identity protection and security...Prevention measures at different levels, preventing the attack from being initiated vs preventing the attack (lawsuit) being successful vs reducing the damage of a successful attack.... there are many elements and I see people pick one and argue about it without looking at the whole

For example, what if a tenant leaves with significant damage and it takes you $20k and a few months to make the unit rent ready again.

I just started working with THD, I had the same situation as Shankar RamaniI had a 3/2 SFH posted for LTR, they reached out asking if I am open to short term rental, I was hesitant first but after searching the company and their business model, I was willing to take the risk if they pay me a good premiumThe person who reached out to me works with the insurance side of THD ( they have corporate leasing department too), and her tenant had a fire damage in their house so the insurance company wanted the tenant to stay somewhere until the house repair is done.