Run Background / Credit checks3.

Get the owner out and convert the basement back just enough so its not a additional unit. 

Wow Henry, I love that approach.I am just about to get my son on my credit card to start building him a credit score, but the idea of sending your sons to buy stuff and letting them learn life lessons is inspiring! 

@Seth VendelboeI also suggest speaking to local banks and credit unions.

Gross negligence often comes in the form of folks just not understanding fully their policy and most are not going to hire a lawyer to read over the insurance policy hence we like doing the additional asset protection.

I am a newer investor (currently 1 short-term rental in addition to my primary residence) looking to purchase a property that I will make into a short-term rental. 

Positioned on a corner lot, it boasts covered off-street parking with additional guest parking on the side.

Additionally, the charming architecture of the homes along the street enhances its appeal, making it a prime destination for investment.

@Nicholas L.Of course, additional rules won't protect 100% but at least something to use if anything goes wrong because my last tenant cost me more than 7K to repair. 

We have been very sweet to these tenants - we rented them home when they had no credit history, we fixed every problem they reported(and they reported every small thing they noticed), we took care of them when the kitchen was non functional for a couple of days.