The lease constitutes a legal obligation and the security deposit funds encourage follow through with the commitment.On the issue of cleaning fees -- One thing you need to have is a move-in check sheet. 

Frequent moves.You have to decide what constitutes frequent moves and apply the same criteria to every applicant.4.

There is also some pretty bad advice about ignoring what constitutes a possible novation to the lease agreement; or an agreement to modified terms.

These repairs are separate from the "building" category from the initial purchase.To reiterate what others noted above, the costs associated with the initial purchase to make it "liveable" or "place it in service" should be added to the depreciable basis of the original building.I recommend finding a local CPA that can consult with you on amending your tax return if needed, and providing you the IRS publications that go into more detail regarding what constitutes normal repairs and what should be capitalized.Best Regards,Bill

But I think it would be worth it to check in to what exactly constitutes a second home or investment property, for that matter, as it relates to your loan. 

I'm curious since there issue was what constitutes "reasonable notice" comes up often in Landlord-Tenant disputes. 

Non payment of rent constitutes grounds for eviction in NJ WITHOUT notice.  

... not months down the road at the end of the licensing class and state testing, etc.There is considerable debate regarding whether selling one's place as a buyer in a contract constitutes acting as an unlicensed agent of any kind.

Tenant acknowledges that this letter constitutes notice by Landlord to Tenant as required by the Truth-in-Renting Act pursuant to N.J.S.A. 46:8-50.During the term of this Lease, Tenant, at its sole cost and expense, shall obtain and maintain flood insurance with respect to its furniture, fixtures, equipment and other personal property located in the Premises in an amount not less than the maximum insurance coverage available for contents pursuant to the National Flood Insurance Program; it being understood that Landlord shall have no obligation to obtain flood insurance with respect to Tenant’s furniture, fixtures, equipment and other personal property, and Landlord shall have no liability or responsibility with respect thereto.　

I'm not sure if this constitute an "extenuating circumstances" but my wife had a health condition and were in and out of the hospital.