A family of six hoping to rent a two bedroom apt, a mentally challenged woman with two small children trying to escape an abusive husband, and a young couple, maybe nineteen or twenty, who were looking for a place they could share with his parents who'd just had their trailer repossessed are some of the people who applied for my most recent vacancy.  

In a downtown area, however its a depressed area with high substance abuse in the city.

I believe that this may be because of less sophisticated homeowners who the HOA, their attorney's, and management take advantage of.An excessively high reserve is ripe for abuse.

Then read up on Unfair, Deceptive, or Abusive Acts or Practices Act with the same thought in mind.When you are done with that, consider you lack a Compliance Management System so the IRS, the FTC, FinCEN, and OFAC might also want to visit you in addition to the CFPB.

Boom, you just spend 15 grand easy.Now a tenant moves out and the kitchen cabinets doors are falling off, the cabinets are rotted and the horrible yellow vinyl flooring screens 70's + 40 years of abuse and cigarette stains, and the kitchen cabinets are rotted under the sink and the counter needs to be replaced anyway.

To address the common rebuttals, many folks will say "education" but this is really an abused idea.  

I could never work with that person because they abused my trust from day zero.As to your person, do you trust her?

Perhaps it's a house near a bus stop that takes the kids to school- great!

SRF rentals (one off) is a tad diff than MFU, where you're managing several tenants(as in our 6-units).We noticed that tenants were apparently accustom to landlord abuse and obviously a new landlord meant rent increases were coming.Being an absentee landlord, we didn't need a mass exodus. 

Yesterday I received a rejection letter from the new management company stating that the by-laws state that the association is only responsible for common elements, and not the units.It doesn't explain that if a common element's failure damages a condo unit then ____ is responsible.I have sent emails calling the both parties abusive.