Property Has a Pool in the Backyard
I'm an OOS investor looking at a property in Indianapolis. Based on my deal analysis the numbers look good, but one thing I am concerned about is an above ground pool with a built in deck in the backyard. Having a pool seems like a huge liability risk as a landlord, and I imagine it could possibly increase my insurance costs.
Anyone have thoughts about purchasing homes with pools? Would you remove the pool, or do anything to mitigate risk? Or maybe even add something in the lease agreement to protect yourself?