I am originally from NJ and Sandy did more damage there than I have ever seen in FL. 

What if the fridges get moved and they are damaged or something gets damaged when they are moved.

You should also have been given copies of any rules that apply to their tenancy - even if they are month to month.For future reference, bonus points if you got a move in inventory checklist for each tenant before closing so you're able to document damages they're responsible for when they move out.However, it sounds like that ship has sailed.

And somewhere along the line, while waiting for the make ready or the new tenant, vandals rip and strip the vacant property and now, the $1500 make ready is a $3,000 to $10,000 renovation  . . .So on your cheap properties with high revenues - PLEASE PLEASE PLEASE bank that rental income because maybe not next week or next month, but sometime in the next year or two, you may have to replace the copper plumbing, copper wiring, AC Condenser unit - anything that had copper in it and also need to replaced and everything damaged in the process needs to be fixed.

If they do more damage you simply add it to the bill.

Wrong, well two of them are in a part of dc that is rapidly declining & no one in the family wants to take care of (and he certainly cannot) and has deferred maintenance on both, the other two are beachfront and a block from the beach, one already got it by a hurricane (no damage, but did trigger a special assessment & insurance skyrocketed) the other one just being near saltwater for 70 years takes a toll on a place, the other thing that happen’s with real estate over time is appreciation eventually rapidly outpaces rent growth so these aren’t as big cash flows as you’d think, a decision is was made to keep these properties both for appreciation and of course stepped up basis (most of these properties he bought for nothing and then depreciated the hell out of) while he has great assets and it will all be fine in the ends and we are all very lucky he has the assets to cover my grandmothers care, frankly trying to figure all this when he’s 88 and everyone is stressed just isn’t ideal, he probably should have just 1031’d up certain properties that had environmental and/or let’s just say locational risk into new or very new construction in the easy to rent burbs like a decade ago, while the tax implications always make selling at tough proposition, I think at a certain point in everyone’s life especially if there are lucky enough to have kept properties for decades should transition them into these easiest assets they can find in their market (you can even put in a reit or more specifically a Delaware statutory trust) to make thing’s easier for them and their family once they are no longer capable of managing those properties themselves. 

More turn overs, more tenant drama, a bit more effort to furnish common areas, more move-in/move-out damage (some investors do fully furnished to prevent this).  

Be aware of hidden damages in foreclosed properties, factor in potential vacancy rates, and consider property management for a larger portfolio to streamline operations.

If they ever squeak through our process, they are consistently riskier tenants in terms of default and damage. 

In fact find them now before the deal and most likely it will damage the little rep you have.When I get a message from a "wholesaler" saying "Hey I am John, we get a ton of deals every week that don't fit our criteria.