If she pays, then your really out of luck and you have to sue her in court for breaking the lease and damages.In general, I don't take people to court once I have the property back as the attorney fees and the fact you RARELY collect on any judgements (15% of the time or less) eats any profit and wastes your time.

I eat $1,000, or I have a vengeful tenant in Seattle.

Not only do you not save anything in interest (assuming the rates are the same), but you're also eating up your valuable credit line, which is typically a variable rate and is subject to changes in the underlying index.

So when you go out to eat for a wedding anniversary, you go to McDonalds right?

It also sits on 2 acres with separate buildings for animals and a nice storage shed.

i would use steel wool in any holes then caulk over that so they will not want to eat that.

-Or is this normal and I eat the repair costs? 

When calculating that into your analysis you’ll see that can eat up your profit real quick.

Thus interest is not eating us up.  

with that said, should you increase your down payment to mask flaws in an otherwise terrible deal - an alligator that will eat you alive with deferred maintenance that is in a worse neighborhood than you think, but an agent sold you on it because it has new countertops?