But once it is understood, it can be a great asset.  

@Diego Alvarado understood.

They're often talked about on here, but at the premise, you qualify based on the actual or projected income from the property.

For example, their pet coverage extends to any dog breed on or off premises. 

Low-demographic tenants flip jobs & banks quickly to avoid garnishments and often don't file income tax returns.6) Violating Lease Terms- Tenants all seem to be "dog-watching" for a friend when you ask why they have an unallowed pet on the premises.

In fact, borrowing is the primary way that wealth is created.And a cornerstone of a modern, developed economy is the ability to borrow.Famed investor, Ray Dalio, has a great way to phrase this idea: “Credit is the most important part of the economy, and probably the least understood…one man’s liabilities are another man’s assets.”Let me paraphrase Dalio here to further explain wealth creation.Just as buyers and sellers transact in a marketplace, so do lenders and borrowers. 

Your question is interesting, but I don't understand the premise.

Listen to them.Meantime, tighten up your lease so it's very clear they cannot smoke anywhere on the premises (inside or out), and I STRONGLY consider only offering MTM leases in left-leaning jurisdictions, as a term lease only emboldens a bad tenant and obligates you. 

Our experience in real estate dated back to before the last housing bubble, so we understood simple things like rising interest rates would lead to cap rate decompression, forcing values down on those assets.Syndicators are in the business of selling these investments, hedge funds sell their investments, insurance companies sell theirs.

Budget isn't really an issue and the plan would never be to do them myself long term but I remember with residential the way I learned best was to just immerse myself in the process then once I understood it, I'd hire myself out of it.