@Mei ZhuThe biggest thing I didn't see on here is to cover your windows so people can't look inside and see it's sitting vacant.

The extra month's deposit will cover most of that reducing the risk of nonpayment when they break that lease early. 

This is a great way to cover personal homeowner expenses and has given so many people a leg up in real estate investing!

How long of a period is this P/L covering (typically a month, quarter, or year.)

Usually the tenant would have insurance to cover a hotel stay in this situation. 

If the claims are serious enough, I may even call the local PD myself and let them handle it; that way, if the tenant does something crazy and harms themselves or a neighbor, you're covered. 

I did my due diligence in building a team first to make sure I got most of my bases covered.

This will cover the unit’s condition, including plumbing, electrical systems, and any visible structural issues.

Get and estimate and then get it in writing that he's going to cover 1/2 half the price before it's started.As for your tenant, let her know what she is doing is absolutely unacceptable.

This nonsense about paying full price off the MLS and using borrowed money to cover the closing costs is very alarming.You haven't said that, but a popular guru has and he has sold a lot of "memberships" in the process.