Is the landlord required to paint in NJ when new tenants come in, if it's just some normal wear and tear? 

Usually good tenants, quieter and 90 day leases or so are really nice too.STRs Pros: cash, short tenancy        Cons: more wear and tear, more managing bookingsMTRsPros: Less management, Money is higher then Annual rentals, usually 90 day leasesCons: Limited pool of tenants, and area needs to be attractive for them to stay/work there

Overall Airbnb is less wear and tear than a LT tenant and there's enough vacancy that you wouldnt pay as much for water and sewer actually.

I sorta teared up at the truth you guys started speaking.

Imagine 4 veterans in your home -vs- a bunch of kids tearing it apart.

In my opinion, you had greater risks to deal with being an electrician (electrocution, falling off of a ladder, house catching on fire, etc.) than being an real estate investor but you overcame those risks with blood, sweat, tears, knowledge and experience.If you do choose to pursue RE then, in time, those fears and concerns will also be replaced with both knowledge and wisdom.

and now Victoria, it's definitely possible to get cash flowing properties here in Nanaimo (although the market's been on a tear the last 6 months so that might evaporate in a couple / few years if the current trend continues). 

I don't think  I would add rental furniture to long term furnished units because the furniture takes a lot of wear and tear in my experience. 

Bigger house bigger capex (not just roof, but additional wear and tear on furnace, heater, etc. due to more people, higher usage rate.

I'm tearing it out and laying tiles on the entire house.