In addition shale oil wells deplete significantly faster than traditional wells. 

Walk the property each morning to clean up trash, read water meters, proactively look for issues, etc?

As others have said in this thread, no dangerous/vicious breeds allowed as per our insurance.A nonrefundable animal fee upfront, and a reasonable monthly animal rental added to the cost helps cover the costs of cleanup/rehab once the residents move out.This has opened up the pool I’m interested renters dramatically and seems to keep people in their pets in the property longer.Screening is the key, For both people and their pets.It also helps when are we rehabbing a property to do it in a way that minimizes the damage that pets can cause.

My life is simple and I do not have to worry about ( What have they done today that I will have to clean up?

Programs and insurance are starting to make progress beyond clean up.

While this can certainly be true Kim (debt to income can degrade) some key points I'd like to point out to people who might be considering conventional financing and getting loans :- you can use rental income with no landlord experience - Fannie Mae (Freddie Mac requires min 2 years on tax returns or CPA letter to state 2 years exp but most CPA's will not write that letter for you to protect their license)- you can add back depreciation and other non cash losses like depletion or amortization as these items are accounting losses and lenders are concerned with the "actual," cash flow that you will have available to service their loan they are thinking about extending to you- you can add back capital expenses as well if you can document it (make sure to save all receipts and invoices =D) since this tends to occur with investors the first year that complete many capital upgrades. since these are not normal occurrences every year they may be added back to improve your income if the file is structured correctly.- If a buyer buy's property that is still positive after the formula (gross monthly rent X 75% - PITIA) then you will actually improve your debt to income not hurt it contrary to what most think.

However, I found out I had to clean up that messy house (lots of trash, like a hoarder's house).

I am considering moving my IRA to a self-directed IRA and told a friend and he said he took the tax hit and depleted his IRA and is happy he did.

Please advise I (the landlord) should pay for labor and material to cover the area with rocks, or Tenant is responilbe to clean up the area and pay for the labor and material. 2.

Definitely not wanting to deplete my savings..