Mine requires that they: give the landlord all copies of keys and opening devices (i.e. garage door remotes); completely vacate the premises and surrender property to landlord; clean and deliver premises to landlord; remove all debris; give written notice to landlord of tenant's forwarding address; etc.

You should be able to find your states landlord-tenant laws online.

If you want to learn landlording, buy near by and manage it yourself.

I know that since I'm subleasing the property I assume the status of landlord.

Many of them state that they are paying their rent, but the landlord is not paying the mortgage.

Out of town owners and landlords Many people sell themselves short when they are dialing for dollars.

Having an extra bathroom in the basement is a positive, especially if the tenants can hang out down there in the summer.For rents, definitely check out Craigslist, not just what other landlords are offering, but also what people are searching for under the "housing wanted" section.As far as an exit strategy for single-family homes, you have several possibilities:1) Rent to own from a tenant2) Sell on land contract to a tenant or investor3) Sell to an investor4) Sell retail

RE is a unique business, it also takes a certain personality to be a landlord/owner and many assume they can or are willing to hold properties but find later it's not for them.

Is that a good or a bad idea for landlords?

so you consider it rental insurance or landlord insurance?