I use: Owner is not responsible for items damaged by the failure of the appliances or the supply of water/gas/power to those appliances, including but not limited to the loss of food.

@Kay MarchYou should include an early termination clause in your lease. 

I'm simply being patient and am adding to my savings (and by savings I mean money for buying properties).For everyone, including myself, I yell, don't do a deal that doesn't give you the cash flow you want!

“While we support new entrants to the sharing economy and the competition it brings, we must be aware and very cautious of the negative impacts and repercussions,” said David Drennon of the Phoenix-based Arizona Lodging & Tourism Association, which lobbies on behalf of trade groups including the Southern Arizona Lodging & Resort Association.Drennon said his organization has no quarrel with a homeowner who occasionally rents out a guest house or spare room for extra cash.

Question isI have rental property that will be paid off within 2 years, Of course, I will have to include $85k to do that. 

@Philip OlivierYour tax profile is a little bit more complicated and such I think you should hire a professional(I am a little biased).Since you make $100,000 from your full-time job - you should be eligible to deduct the losses(if you have them) from your rental property so long as you don't have significant income from other sources including the short term rentals. 

Stop issuing 1099-MISC with box 7 "non-employee compensation" instead of box 1 "rent"Stop including refundable deposits in rent incomeProvide annual reports clearly delineated by propertyLearn the difference between maintenance, repairs and improvements and report accordinglyReport insurance reimbursements separatelyProvide supporting documentation: itemized contractor's invoices, insurance adjusters' reports etc

Funds needed include earnest money deposit, inspection costs, and downpayment funds just to name a few.

Most of these scenarios ended with a workout that included pretty ugly terms.

I've received positive feedback from many on those RE posts, including receiving a couple emails and PMs about interest in investing with me.