But I agree with an above poster that $10 psf in tenant improvement seems low, unless you can find a turn-key tenant to occupy that will require very little renovation.In DFW, for 2nd generation spaces, I've seen LLs underwrite at about $25-35 psf in expected TI allowance (subject to the lease terms and tenant credit rating).  

The only time I charge a tenant for a service call is if the tenant schedules a service call with one of my 3rd party vendors (that schedules directly with the tenant at my request) and then either no-shows or doesn't allow the vendor to enter as agreed.

Quote from @Max Smetiouk: Quote from @John Malone: @Ryan Leake Id agree with others, it is not a loophole, rather, the correct application of the law.

Agreed!!!!

I agree.

Quote from @Jay Hinrichs: Quote from @Erik Estrada: Quote from @Ian Berg: I agree with you @Jay Hinrichs.

Quote from @Shivani Kumar: I have to agree with Jonathan.

At that point, it's worth researching and finding a solution that better meets your needs.I agree with @Nathan Gesner that property management software can sometimes be overkill at first and that you likely don't need to use a full blown software at first until you get more units. 

. - Agreed, sounds like you don't have the time to properly vet candidates.

@Ginger Vaadi I would agree the 50% rule probably more accurate over time.