It is time to error on the side of caution.

Sales comparison is the most common for residential.

The two most common options are to treat yourself as an employee with wages or to treat yourself as an LLC member and receive a distribution from the profits.Choose Not to Receive Payments. 

Per this article from a couple years ago, it sounds like most renters insurance covers their animals and damage their animal may do to person or property, but you need to confirm that have it to protect yourself.And as @John Lenhart mentioned, adding rules and fees to keep common areas clean and tidy are well worth it.

Cat allergies are generally more common/severe, and the urine can ruin a place.

That way you will be ready to go (and hopefully avoid common missteps) as soon as you have cash to invest. 

Anyone who doesn't have the common sense required to keep their tenants safe from death ought not be in this business.Go pour yourself that bourbon and think that last statement over.Maybe you should get evicted from this business before you kill someone.

This is an old house in NJ and is common in the homes.

@Steve Balinski - you mention that you (sic)listened to MANY BP podcasts.....what is possibly the most common theme with the various guests?

You can tell this is built on years of knowledge and trial and errors.