The excess would go to the owner.What generally happens in practice is more like 90K owed on a $100K property. 

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or to refund to the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account that is specifically designated for future investments.

Cabinet suppliers are raising prices to bring excessive lead times down.

Out here in Reno, NV in most older homes the basement was never meant to be occupied and can be subject to moisture creep, flooding, or mold.  

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or to refund to the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account that is specifically designated for future investments.

As a full time working professional want to invest excess income into long term assets.

I have, although, seen some laminates that are not very moisture friendly and will swell at the seams over time just from damp mopping and they will scratch rather easily.

This seems excessive and our agent has not responded to our requests for more information.

It would be much simpler to determine a monthly average cost, bump it 15% to cover excess use, and include that charge as part of rent. 

It would be better if that earned equity is supported by an excess cash flow (better property selection) or not subject to market/liquidity risks (such as if one successfully sells the property).