As an add-on thought expanding on these items, I reference back to the "Roaring 20's".

Yes some months when vacancy or big maintenance items come to bear the profit will be a little less but buying is absolutely their best choice.  

It is not only for items like this, but what if there is an event that requires tenant to vacate unit.  

Police departments are understaffed and in Maryland they have generally decriminalized and stopped enforcing marijuana laws.

Just to add on to these would love to see:- a pro forma template or an easy way to get accurate comps through a national MLS- Discounted Legal or accounting services- the ability to order bulk contractor/renovation items at a discount.- Group rate insurance or home warranties.

@Bill F. hit the nail on the head, so I will focus on the items not covered which is what is the operational standing of things, is this thing a maintenance bomb waiting to blow?

Use it to provide consulting services, speak on your area of expertise, conduct e-commerce, sell finger paintings, or whatever you want.Create affiliate content - It's hard to get scale here, so you either need a targeted audience that will buy larger dollar items or a big audience on some platform.

"I didn't know that" is not a valid excuse for late payments, unauthorized animals, unauthorized painting, or any of the other multitude of items spelled out in the documents.

@Becca F. the best is the CAR form in my experience and the one that has the best clauses and other items to cover you when something comes up with the tenant etc.

These differences expand to California as well such as the amount of principle you're allowed to claim interest on for itemized deductions, qualified business income deduction, real estate professional status, and bonus depreciation.