Make sure you have your paperwork in place though to prevent ill-feelings or misunderstandings.

Normal wear and tear refers to deterioration over time from ordinary use, but damage like a large oil stain in the driveway from a vehicle is preventable and would fall under tenant responsibility.

These changes aim to prevent future tragedies but have also led to increased financial burdens on condo owners, as maintenance fees are expected to rise significantly.Insurance Costs:In addition to legislative pressures, Florida condo associations are facing skyrocketing insurance costs.

Tenant “Lock-In”: Long-term tenants may prevent investors from adjusting rents to market rates, limiting income potential even as property expenses increase.

At least that way you can feel confident that the additional leaf guards etc will truly prevent it from happening in the future. 

If it is a retention pond, then it is permanently holding water to prevent downstream flooding. 

And, I'm closing a commercial property that requires $300K down and the closing date is Oct 15.If I pay the income tax, I will not have enough fund for downpayment.But if I don't pay the tax, I may get a tax lien on my company which may prevent me from getting an approve for the mortgage plus I need to pay around $10K penalty.And, if I get a $200K loan, they may put an lien on my company and potentially prevent me from getting a mortgage too.So, what should I do now?

Open to how you screen and prevent problem children! 

Create a penalty/fee that prevents loss of income.

Simon, Here in FL its much easier for us because we know a few things:1) The U.S. is severely under supplied in housing units. 2) Tons of people are moving to Florida everyday which makes point #1 even more drastic for us. 3) Interest rates are preventing people from selling their homes, because then they would need to re-trade for a higher interest rate buying a new home, which is creating even more housing demand.So with this knowledge, now we move to more market specific data, which is what I talk about in the original post.If a market shows decent growth and demand, then it all boils down to the numbers.Its important not to forget about any costs though.