It's definitely risk that ALL landlords should be concerned about - typically, we've found that newer landlords/property owners ready to pick up their first rental property are much more likely to take a risk like this - simply due to lack of experience, or that they haven't had a bad experience yet, and are willing to give someone a chance.
Seasoned property owners are typically more hesitant to accept this as they've been in the game long enough to know that it definitely increases their risk - and of course, risk aversion is a huge focus when building long-term investment properties and a sustainable business model.
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