You need someone (or even a team) who eats and sleeps the local real estate market and can provide you with the best ROI. 

There is a crass saying about don't eat where you.....

If the tenant was in place you could file on their behalf for rental reimbursement but now that it is vacant then you just have to eat the losses sadly. 

I recognize that things may be different in Louisville, but here in Baltimore (and most other jurisdictions that I am aware of) the past owner's water bill needs to be paid at settlement by the seller in order for your deed to be recorded.Could be a very honest mistake or the result of delays in water bills being updated, but either way it sounds like something the title company that handled your purchase should eat. 

That will eat up the security deposit and then some. 

I also eat 2 raw eggs, a scoop of whey protein, a serving of milk, and a serving of Greek yogurt every morning.  60 grams of protein. 

@Stephen FooteHi Stephen- yes as far as going with 20% down and that eating away at cash reserves the best choice then would be to wait until you can go it alone.

Elevators eat money and there is no way around it.

But renters were covering the additional $60.We have since moved into that property and have refinanced out of PMI.Our next rental is long-term lease, and we are putting 20% down to keep expenses low and maximize the cash-flow.It's all situational, and depends on overall goals, financial ability, loan terms, etc.An additional 5% down could eat into reserves.

I'm self employed you just have to eat paying more in taxes or make more lol.