As a web programmer I go nuts with the misuse of terms. 

Eviction is a frequently mis-used word by property owners that don't really know what they are doing. 

Clients had a hard time finding parking because our dedicated spaces were always misused by locals.Good luck!

So seller is about $110k high in your estimation.No, I am saying you should figure what the actual market value is before you figger yourself into a not so great deal by misusing cap rates. 

The term real estate investing is often misused as a label for real estate business activities, such a brokering, wholesaling, finding, leasing, managing, etc.

I cannot tell what size buildings you are evaluating ... there are references to existing duplexes, but nothing else.Secondly CAP is one of the simplest, yet most misused ratios in real estate {I won't get on my soap box this time}.  

Misusing this may cause your scores to drop.I did have a few late payments many years ago when I got out of college. 

But I suspect misuse by the tenants since they store crap in the same space as the heater.

Also that those repair costs don't affect the security deposit.With me living in the house with many people, if I find that a particular tenant caused a good amount of damage via general misuse or negligence, am I able to charge them for repairs to that appliance?

It currently says: "You promise to keep the premises in a neat and sanitary condition and to immediately reimburse the landlord for any sums necessary to repair any item, fixture, or appurtenance that needed service due to your, or your invitee, misuse or negligence.