Tenant can easily wipe stains without damaging wood or the finish. 

Also, one big ticket item like an HVAC repair, etc can potentially wipe out your cashflow for the year.

Millennials Will Become Richest Generation In American History As Baby Boomers Transfer Over Their WealthA massive wealth transfer is about to take place that could have a major impact on the real estate market. 

We are having trouble to committing to one due to not being able to break even and not having 3-6 months of mortgage payment in case of vacancy which would wipe out most of our savings.

But I am not in the US....... so I developed My market analysis algorythm for out of state (or country) people like meThis made it easier for me to find a market with landlord friendly laws, population growth, cashflow potential and low entry prices (I have a limited budget of around $200k).So this ranks the cities (the pink numbers) from best potential to lowest potential. this is a REALLY huge rule of thumb guys... it's just MORE LIKELY to find cashflow in these areas and ALSO these areas are more likely to appreciate (population growth baby ;)). 

I wiped out nearly all of our non-retirement savings on the down payment.

One lawsuit can easily wipe out everything I have.  

Not a huge deal, but might wipe out any gains you get by renting it out for the 2 years.

Make sure you have an emergency fund in case this happens to you. the good news is, we can lower cap ex to a much lower percentage for the next couple of years but it wiped away a lot of our savings while we were there.

(Both will get wiped out if the deal goes south)