I bought a $400K cashflowing triple net commercial property on there cash.  

It's secondary purposes may include but aren't limited to single-family buy and hold (possibly fix and flip) and commercial property leases (absolute/pure triple net(NNN) leases).

That saves me incase anything takes a down hill and if it doesn't, well a single just became a triple or a home run of a deal! 

First check your state laws regarding security deposits.If we have a tenant that trashes a property, we cannot just automatically forfeit their security deposit and we have 30 days to send the tenants an itemized list of charges against their deposit.In Texas if an owner does not follow proper procedure even though the tenant trashed the property, the tenant can go back after the owner for triple the security deposit plus attorney fees and court costs.If you accidentally did not follow your state laws, I would immediately refund the total deposit.If you followed your state laws, then you should have at least contractor invoices for the work done to justify the expenses against her security deposit.

We got very luck as we bought just before the boom and sold our 126k house for 210k. we upgraded to a 310k which is nearly triple the sq footage and has a real garage... oh man is that nice. our old place was a mere 600sq ft. tight for 2 adults with 2 dogs...

We make double and triple payments to pay them down quickly.

Since this will be a commercial lease, you can include elements that would be in a CFD arrangement, like paying insurance, taxes, maintenance, (triple net lease), management and the right to hire workers, to get things repaired as necessary.I'd suggest you keep the lease toa minimum as to payments and finance an option price.Might search here on BP about master lease.

@Dylan Mehsling 7 years ago, I used 100k to purchase one property all cash and rent it out - which was fine, but I didn’t know anything about real estate investing and didn’t understand I could have gotten so much more with the power of leverage.Fast forward to last year, I sold said property and used the same 100k as down-payment on a commercial blanket loan and acquired 14 units in a better market.I tripled my cash flow; from netting approximately 300-400 usd per month to 1000-1200 usd per month after all expenses were paid.Hope this provides some inspiration - if maximizing cash flow is your goal, so you can pay all living expenses etc from rental income, then smart leverage is your friend.

@David Smit,I'm no where near 500, let alone 1500.. lol my rentals are still in the double digits, not triple.   

My guess is the $3k of work would be $500-600 in Dec-Jan when times are slow and guys are scrambling for workThere was no emergency here whatsoever, therefore no excuse for not communicating with you prior to completing the work when the estimate tripled