Very rare that is the case. 

So, the sooner you evict the better.If you are worried about embarrassing holiday events, hire a Property Management Company and let them be the bad guys.

You want to make sure the $5k is the only money you will owe.

I had a house where it was taking so long (9mos) I just sold the place to get out from under the small loan.

These types of policies are structured the opposite of a typical policy where the goal is the large death benefit amount. 

Mainly bc they are the reason that I was able to acquire the property.

The condo HOA has imposed a $14,000 special assessment on all condo owners in the complex to fix water issues across the buildings.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

They are known as the Winthrop Factors-The purpose for which the property was initially acquiredThe purpose for which the property was subsequently heldThe extent of improvements made to the propertyThe number and frequency of sales over timeThe extent to which the property has been disposed ofThe nature of the taxpayer’s business, including other activities and assetsThe amount of advertising/promotion, either directly or through a third partyThe listing of the property for sale through a brokerThe purpose of the held property at time of sale; the classification as an investor or dealer is determined on a property-by-property basis.To me intentionally buying a property to renovate it to resell it for profit, twice in the same year, and opened an entity to do it in ....is going to be ordinary income and not capital gains. 

How did they miss the electrical & roof issues - or did you just not understand the inspection report?