Lets say his deposit is $1500......and right now you know the repair is going to be $1000..... he now effectively has a $500 deposit to cover any/all other expenses he creates while living there or when he moves out and leaves damage/cleaning/late fee/missed rent etc etc...... so if he's already eaten your "cushion" to cover expenses, you may be left holding the bag when he leaves.

Loans, for the lender, are assets, just like a bag of money. 

The cat’s out of the bag.

Commercial properties are a mixed bag. 

No big deal, but after learning that it will take around 80-90 bags of cellulose to achieve the minimum R-30 rating for Florida, ($1,000), I decided to look at other methods!

TLDR: the wise city council has moved on from solving global warming by banning plastic grocery bags and is now on a mission to protect innocent homeowners from you predatory investors. http://www.kxan.com/news/local/austin/city-moves-t...

@Joe RuggieroIf separate electric- tenant can take care of water/sewer is typically a landlord (unless separate meters) trash- is city/town dependent, but they typically buy their own trash bags For water reduction, you can purchase shower with less GPM as well as faucets. 

You didn't communicate (for whatever reason) and they were left holding the bag with their loss.

Are you wanting to have tea and crumpets with the guy now or what ?

Amazing job getting this great deal in the bag and that too in such a short time!