I've gotten several different perspectives on the following scenario and am trying to figure out the correct path here.

Account Closed Based on what everyone is saying, it sounds like you are correct.

There are more places besides the downtown area that have some good potential, but you've got to look at them correctly.

@Paulus Anglada - That is correct.  

If I read your post correctly, you already have your next renter?

I cannot tell you how many times I have corrected misinformation.  

Or, you know, you could look up the applicable law, find out that the tenant is in fact absolutely correct and that she owes no fee when the 1st of the month falls on a Saturday, Sunday or legal holiday, and move on.Why Davon's property manager has not told him this, I cannot imagine.  

When evaluating houses, what's your criteria for:1) Cash flow per door = $300/month after all expenses including debt2) Cash-on-cash return on investment > 100% (yes, you read that correctly)3) Do you only use one metric or both?

I'm going to get a walk through with my contractor to confirm my estimates are correct and a time line to remedy the issues.

My statement still applies though and what @Derrick Craig said is still correct.