This is in the event that their is extensive damage, we file the claim with their insurance.  

Feces occurs, don't sweat it.  

However, you may have already missed the date to make that immediately effective.Start with a finding a good lawyer to help you through this event. 

The problem occured when we found out that buyers were just looking at our price on the MLS and walking past us rather that stopping in so we could educate them. 

I also plan to make the last months rent/security deposit conversation part of future tenant turnover in the event I make this deal happen - the existing landlord is a bit of a "lifestyle" landlord, for lack of a better term, and so my plan would be to slowly increase rents, establish formal lease agreements, security deposits, etc. as tenant turnover opportunities come up.

Mt Airy is about 15 minutes outside Philadelphia, it is diverse, affordable and the realty is gentrification is occurring and we feel it is a great time to start our business.

That is why so much activity is occurring now.

We also have a lot of new development still occurring all over Springs.

I looking to get a consensus of what is the top 3 biggest cost for rental properties owners occur on a consistent basis?

If that occurs at all it is usually in multi-family properties.Single family the tenant typically pays everything.