Lots of things could have happened.Make sure to have your PM send notices about damage, and excessive noise if there is a clause in your lease.

Anyone here in the Atlanta area that has dealt with the Fulton county tax sales excess funds procedure?

This was posted by a respected member on the reddit real estate investing sub:https://www.reddit.com/r/realestateinvesting/comme...https://www.mauldineconomics.com/frontlinethoughts...One of the comments describes the "Minsky Moment", basically a collapse in asset value due to excessive loans being taken out, similar to the 2008 GFC."

The idea is to pull out all your money, any in excess of that is just a bonus.

Consider an excessive use clause for utilities.Talk to your neighbors and let them know to notify you with concerns.

Within reason, I did cut ties with one that tried to make what I thought was an excessive fee. 

These types of markets are a great way to enter long term holds without excessive risk while you work on your processes. 

wouldn't that be excessive amount of money?

Yes, your lease will state that you can go after the tenant for excess damage.

In addition to what Ned mentioned, you will also have advertising, entity maintenance, legal fees, evictions, court costs, periods of high vacancy, damage done by tenants (in excess of the security deposit), lawsuits, utilities (at least during vacancies), etc, etc, etc.