Agree with the above...eat the $200 on the carpet and move on..... not worth the hassle. 

Make sure percentage rent is on gross sales including all sales eat in, take out, and delivery.How much does the rent go up a year even if percentage rent is not hit?

THe retirement is great, but my student loans are eating me alive today and I can not afford to go on vacation or do anything remotely exciting.

You'd really only have enough money to purchase a $50,000-100,000 property, which would eat up your entire $20,000 and you'd probably need more to make any repairs. 

Some owners just eat this cost if it is too low of an amount of claim on insurance. 

In today's market, 20% could eat most of your profit, so getting your cost of money down will make a big difference to your bottom line.

It's a little bit harder to take the food out of peoples mouths once they are already eating it as opposed to not giving it to them for free.

I view it as a "no eating in the library" rule.  

Happy to lend you $50K and i'll even let you pick the number between 1-10 for the interest rate of mine that begins with a 2 :)It sounds like you want your cake and eat it too (that's the saying right)?

That is normally what many do, but it eats into your returns.