From the CA website:A landlord can only deduct certain items from a security deposit The landlord can deduct for:Cleaning the rental unit when a tenant moves out, but only to make it as clean as when the tenant first moved inRepairing damage, other than normal wear and tear, caused by the tenant and the tenant's guestsRestoring or replacing furniture or other personal items, but only if this was included in the rental agreement and the damage isn't from normal wear and tear Generally, a landlord can keep part of the security deposit for rent owed.

Any fire damage basically makes them a complete loss.The math then becomes what the cost will be to clean it up and whether replacing that space is worth it compared to other vacant spaces.

Take photos of any damages and make sure you know your local laws about returning the deposit.

about if your home is damaged/flooded in a storm and the damage is over 50% of the value they won't let you rebuild.

Understand the relationship between cheap, inexpensive properties in crappy neighborhoods that are so attractive to new investors because of their affordability and the poor quality of tenants that such properties bring who can damage your property and stop paying rent turning your paper profits into losses.

I'd guess the lender isn't going to let you off the hook if your property gets condemned, or is just badly damaged.

When you only have 1 property a nonpaying tenant who does significant damage added to the costs to evict can stress people beyond breaking if they aren't mentally and financially prepared to cope. 2.

Here is what I've seen on my properties on KC:-more weather means more expensive insurance (50/mo/unit)-hailstorms: can take out roofs, make sure you have coverage for this-wind storms: can do damage and make trees fall on your property, it happened to me.

I recently had a property that was damaged do to a fire next door.

I have a leak coming from under the tub which would require removing and replacing the tub and tile due to the damage it is causing in the downstairs apartment.