@Jared Baker, don't unnecessarily constrain yourself based on the property type. 

There is too much information to ingest.

Also, be careful with the poisons like @Dan K. mentioned; if tenants have pets or children it could be deadly; they mostly use pellets which look like candy (that kids could try to ingest) or treats.

I would keep all of that and then just him a new check via regular mail.Except I'd also add one more line item to the deductions for unnecessarily having to buy a 50 cent stamp, because he was too lazy to pick up the certified mail you'd already sent. 

The only time I could see it being charged to the tenant is if they caused a blockage or if the system is filling up unnecessarily fast.

Lead is an issue if ingested if I recall; or if particular are inhaled (ie when sanded).

Having you on the loan will just add to your personal DTI ratio unnecessarily. 

In the end, I just decided this would unnecessarily complicate things on my first deal to be done like this, but I might try it in the future.

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