Security deposit amountYou can find plenty of examples by searching for "tenant estoppel certificate doc" or exchange "doc" with "pdf" for more options.Here is an example and explanation: https://eforms.com/rental/estoppel-certificate/Some have a lot of legal jargon but this document does not need to be so detailed.

Obviously the numbers aren't perfect and I'm obviously missing something, so again I am not trying to knock this strategy at all I would just love more of an explanation as to how it's supposed to work.

I know others here could give you a much more detailed explanation.

If people think they will receive a 5 star review from you, they will be more likely to give you a 5 star review in return.There will always be those people that leave 4 star reviews for no reason, but with good communication and an accurate explanation of the rating system, you can cut down on them. 

There's numerous issues; hole in floor and hole in wall, outdated kitchen, ceiling tile is coming off in portions, metal roof that screws need to be replaced etc...

Thank you for your explanation, @Linda Weygant.I believe your interpretation that appliances are "rotable spare parts" is a stretch.

This explanation for this was that the house can not be reappraised at a higher value related to purchase price, for one year.

I know there are numerous groups that would oppose such a move (even in Texas) so I'm looking for anyone that may have experience with this strategy and can offer advice on the hurdles I would be faced with.

You will paint numerous times.

I see it all the time and have bought numerous properties from failed landlords that have made this mistake.Good Luck,Mike