She never abused the privilege and I would've put a quick stop to it if she had.To your second point: true, but I feel like I'm responding to the usual false dichotomy often presented in discussions of PM: to wit, EITHER:Pay 10% of gross revenues to have PM; OR:Personally make 3AM calls to deal with clogged toiletsI'm merely challenging this notion.

Your damage deposit is enough but charging a monthly higher rent for the privilege of them having a pet puts money in your pocket.

So, without consulting an attorney, I don't intend to submit a form to receive Option 1 benefits and will automatically receive option 2 benefits.The 2nd question I have is about the compound breach of our lease agreement. 

4 - If properties have been increasing in value over a period of time, they will always increase at the same rate...in all areas.5 - Depending on events that you have no control over isn't speculating = banking on appreciation.6 - Depending on a tenant to make a payment the next month, when they have been doing so for the last (fill in a number here) months is speculating.7 - The single line gains seen from imprisoned virtual value (equity), is better than the compounded gains seen from usable real value (cash).

If there were a finite amount of FHA loans available and you were taking it away from someone less privileged, then maybe it would be taking advantage of the system.

Also would put them on a payment plan to catch up later if none of the organizations could help.Now, I understand this is a privilege for the well capitalized.

With the finite time I have in my life and knowing the truth that no matter how rich one is, they are constantly heading towards the ultimate end; I consider it a privilege to be able to wake up in the morning irrespective of how much money I make or not make. 

We used to allow dogs in our duplexes but 10K later that privilege is gone. 

Cutting it with a masonry blade on a circular saw or a diamond turbo blade on a grinder...too complicated for the likes of me.Would not do Michael's patch compound solution here.

LA is around 1.25%, compounding at 2% every year which is the max increase allowed due to Prop 13, as @Rory Kinnear mentioned.Always clarify these numbers with your lender/escrow company, just to be safe.