The long-term damage to your finances is an order of magnitude bigger (add a zero).In other words, it is better to buy a desirable property in good condition and live with $200 negative until inflation has driven rent up enough to break even and eventually start to cash flow. 

Drainage Problem: The building has a drainage problem due to poor grading, causing water to seep into the basement.

We document everything: photos, written reports, repair estimates, and walk the tenant through what’s considered normal wear versus actual damage.

In the event you fail to provide us with the required number of days' written notice of termination and intent to vacate coinciding with the lease expiration date, as required by this paragraph and paragraph 36, you acknowledge and agree that you will be liable to us for liquidated damages in the sum of $1400.00 (equal to one month’s rent) in accordance with Fla.

The Tenant Classgreatly impacts rental income stability and property maintenance/damage by tenants.Both Property Classand Tenant Class affect what type of contractors, handymen and property management companies will work on a property.If you buy & renovate a property in Class D area to Class A standards, what Tenant Class will rent it?

You could use the security deposit to cover May rent if there is no damage; otherwise, deduct the damage, then apply the remainder to May rent and inform your tenant they owe the remainder.

And that’s assuming you don’t get one extra $1 in rent and they dont screw up attacking one appliance and cause water damage day 1 they don’t tell you about until moving out. 

The Tenant Classgreatly impacts rental income stability and property maintenance/damage by tenants.Both Property Classand Tenant Class affect what type of contractors, handymen and property management companies will work on a property.If you buy & renovate a property in Class D area to Class A standards, what Tenant Class will rent it?

You also don’t have to accept ESA’s if you can prove that an animal will be a danger or a nuisance, or if doing so will cause you undo financial hardship. 

The Tenant Classgreatly impacts rental income stability and property maintenance/damage by tenants.Both Property Classand Tenant Class affect what type of contractors, handymen and property management companies will work on a property.If you buy & renovate a property in Class D area to Class A standards, what Tenant Class will rent it?