That way, if something like this happens again, both you and your tenant will have extra protection and support. 

., curfew, no nights out, extra chores, eviction, etc.AH, eviction.  

I work a 9-5, am married, and have 2 kids under 3 years old so I don't have a ton of extra time to actively find, fix, and flip properties.

If everything else checks out we ask for an extra deposit or advanced rent.

They see the lower rent and don't factor in the extra expense. 

But of course folks dont actually read the laws .. 

At a minimum you can put your extra funds into a high yield savings account, or even better 4-week treasury bills that give you state tax exemption and keeps you liquid for your next acquisition.

Where I live it used to be 30 days - and I didn't think that was enough time for folks living month to month to pull funds together to save up, look for a place, get a deposit and 1st mo's together etc... so I always gave at least 60. 

Most folks will refinance every 3-7 years for one reason or another...Cheers!

Well, do they have a job to pay that extra $200 plus utilities per month?