I would err on the side of caution to ensure that you protect the neighbors and yourself. 

Im certainly not saying you're doing anything wrong, but I would err on the side of caution with the gray area in mind.

Others seem to err on pressing the morality argument when they accepted terms of an agreement as-is.

Many people erroneously post in the Renter's Discussion forum.

I did this sort of thing for am airbnb.id reccomend you err on the side of strict at the cost of possible tenants.its better if you are happy than maxmizing cashflow.

The carpet was not new when she moved in, and she had the roof leak a significant amount in 3 different areas.She already responded to them pointing out these facts and saying she will not pay the erroneous charges.I am telling her to hold fast as there is no way their case would hold up in court.

Add seven years for history's sake, and one might erroneously assume we are coming out of the "down cycle. " Then, lets add for a few additional culprits: easy money (our old pal), over development (another old pal), consumer confidence, global markets, technology, emerging markets, government regulation, consumer paradigm shifts, unemployment, aging infrastructures, and political paralysis, to name a few; and we can easily argue for 8, 9, 10 years of down cycle.

The lack of the instrument entails lack of the "advantage"As erroneously as mortgaged property is seen as an "asset" I would humbly point out there is still a substantial "loss" in paying the interest spread above what can be recaptured).Please consult a RE attorney as many are under the auspices that total equity in property (all cash purchase) is a financial liability due to increased lawsuit exposure.

I may have made an erroneous estimate on the 60k in repairs personally.

If the rental vacancy rate is lower, I would continue to use the 7% number just to err on the side of caution.