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Don't rent to people you know. Some people will try to take advantage of your friendship and you will have to deal with them assuming late rent isn't a big deal because you guys are friends. Renting to people with animals has it's pros/cons generally it means higher rent but has a chance of damage (i paid higher than market because i had a small dog, but it didn't pee inside, chew on anything, or smell, just a cost of being a dog owner in vancouver). My parents have had the most luck with middle aged couples.
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