Some tenants become unable to take care of their home, due to mental ill health, substance misuse, learning disability and so on.

Also, would an LLC be actually considered as misuse of corporate assets? 

LOL.Kidding aside, both you and Andrew have just given great examples of how cap rates are misunderstood/misused and subject to manipulation to say anything you want.Andrew, in one of my posts in the past I mentioned about a turnkey company (not naming names) who advertised rental houses right here in Dallas (where I live) with 8+ CAP but the comps were LOWER (this is not a fictional example either).

I agree that legal assistance for establishing an LLC is unnecessary/a misuse of your money.

To charge or not to charge, that is the question...

I'm trying to be less empathetic when it comes to most business decisions. I also try to enforce the lease as letting things slide is a slippery slope. I wondered ...

I hadn't seen Rent/2 - P&I, I'll see how things shake out when I use that as well.The problem isn't exactly the cash flow, and maybe I am mis-using terms since this isn't my industry: But I consider cash flow less relevant than overall value growth (Still, it'd be nice if cash flow were positive), and I am very conservative with appreciation, calculating it only at 1% avg.This is why the question of debt leverage is so important to me.

Thanks for given me a glimpse of what David Li felt like when bankers misused his model. 

Not sure if the tenant did actually plug router into the phone jack, or OP mis-used the terminology.

The tenant is responsible for any damage they cause from misuse or consumables.

A land trust is a revokable trust so provides no asset protection.Land trusts are one of the most over promoted, misused, and misunderstood strategies in real estate.