What is your question please more specifically?

I wasn't really narrowed down to specific area yet.

Where I am currently - So currently I'm 29 years of age married 3 kids.

Similar to the prior posts, unless you have evidence this was specifically caused by tenant negligence it may be a difficult case for you to win.  

@Wei WangNo, I do not know WA specifics, and I'm not an attorney.

If you would like to see some more specific numbers, feel free to PM me any time and I'll send you some interactive ROI spreadsheets so you can see how all the numbers work together, it might be easier than me trying to explain it here ;) 

Hey Ron, welcome.I used to work a self-employed job in NYC that was also very unpredictable with ups and downs, and in 2015 [and years leading up to it] moved to Poconos specifically for airbnb, starting with a small tiny cabin, and it worked out since.

We'll cut to the chase, here's our dirt.The Facts: Ages 51/44, Married, w/10 yr. old childOne steady income 45KOne low income & fluctuating (self employed only 2 years but growing slowly)Living/ renting in NJ (Very expensive market, 2 family units sell over 500K)Fair amount of debt 37K (Car loan, 2 CC, Medical bills)Just getting by each monthCombined 401K's =  150KMy 401 (100K) can be transferred with no penalty to a self directed IRA (I had opened up last year in hopes of using some cash to invest in RE) We are determined to get into REI however we're probably going to need some creative ways to do it with our current situation.

Any insight that anyone would be able to provide would be greatly appreciated, but I do have a few specific questions that I am eager to hear opinions on regarding both vacationers and students.  1.  

Although the Insurance carrier will not specifically tell the Mortgagee about the renters, the cancellation or changes may alert them.