We can also craft language for the lease that makes me specifically responsible for any damage related to guests (in addition to my own personal use).

What I was suggesting was first determine your strategy, and then study the different markets to insure your investment class is at the right time for buying. 

Have you taken the time to study your state landlord tenant regulations.

I'm currently a second year college student studying Computer Science at UMass Amherst.

Study the numbers and how they interact with each other.... then stress test your investment however you see fit.

You will not only learn way more about the business and start building useful contacts but you will also learn what should be actively self-studying in order to make your next steps a reality.I can't think of any business owner who would not want someone on his/her team that was so eager to learn and grow.Please report back on how it all goes!

Also there is specific language in the lease that gives instructions for the surrender of premises and security deposit, So not sure if i need to restate that or not. 

For me, first time a tenant has a personal check bounce, I require cash or money order only for becoming current plus any late fees per the lease language.

Then rent the one which generate the highest rental incomeLike I wrote in the heading, this would make a great case study for power of real estate investing.

Just had that happen to me, as I was studying abroad and my roommates failed to take pictures upon move-out, so we have next to nothing to combat a $600 cleaning fee with (that's for a 1 level, 3 bedroom house, btw, and the carpet cleaning was a separate fee...).