I used an analytics company to scrape the data from shared rooms within a 0.5 mile radius of the home I have under contract, and made a spreadsheet of their occupancy rates/cleaning fees/rental rates etc.

The renters policy will pay those costs as well as other costs that are incurred such as meals, cleaning, etc.If someone gets hurt while in their unit, normally the injured persons attorney will sue both the Landlord and the Tennant. 

Also, when it comes to replacing things...it may cost a bit more money upfront, but if you put in quality material/appliances (within reason), they are likely to last longer. 

They have been very good tenants and they are keeping the house clean and well.  

@Dennis Solari You are going to have to run the numbers on any property you might be interested in.Then you need to look Vrbo and Airbnb and see what properties are renting for and how often.Put all this in a spreadsheet and add in utilities, furnishing, consumables, cleaning, PM (unless doing this yourself), yard maintenance, house maintenance, tax and insurance and see how the numbers shake out.

I have other developers  that build high quality and are very thoughtful and methodical about the type of tenants they put into a retail center.

But what are the quality of the tenants and what is rent like there.

We painted all the rooms and cleaned the carpet.

My partner and I are in negotiation for a 6-unit property in NE Ohio, below are details: 4 rented, 2 vacant / average rent $735 (4 rented units $720, 2 vacant $775)Owner pays water, sewer, trash2 br, 1.5 bath, roughly 900 sfGarage with door + extra parking areaRoof in good shape, air and furnace in good shapeRealistic gross all units filled: monthly $4,400 / yearly $53,000We walked through both vacant units, very clean and basic.

If the property is currently a meth lab, the condition of the prop alone should deter anyone from buying it (unless these meth guys are extremely clean and responsible).