Lets face it students no matter how mature they seem, can really party and let the damage begin!

I grew up in a fishing community and when I was a kid everyone dumped their garbage over the rail ... many drained old engine oil in shaft alley and pumped it out with the bilge water.

However, if you end up determining that the stove is not working as a result of some sort of negligence or damage caused by the tenant, then you could try and bill them for the repair cost.

You can't learn to swim by watching a video or reading a book, you've got to jump in, splash around, swallow some water and sink to the bottom a couple times before you figure it out.When I take a lump in life that costs me time or money, I tell myself I just paid for some education that you can't get from a college course or a guru, because I know I won't be repeating that mistake again.

Then the property sits there vacant for a long time and can have freeze damage, and additional theft and vandalism.

A financially distressed seller can get into all kinds of trouble which could result in having additional liens come against the property (back property taxes, irs liens, child support, water/sewer, etc), or they could lose the property altogether by foreclosure.

One concern I have is that it has a hot water baseboard heating system compared to forced air.

Legal fees.Accounting fees.Lost rent due to a lengthy eviction.Tenant damage above the security deposit.Utilities, at least when its vacant.Capital items (e.g., appliances, carpets, furnaces, roofs, etc.)Speaking of carpets, new carpets every 3-5 years.Property management.Make ready costs.

If you buy a house to rent out you will inevitably need a slush fund to pay for the unexpected hot water heater failure, etc.Once you get a few wholesale deals under your belt you will understand the market better, have met a number of other investors(check out your local REIA to meet them) you can learn from, and better understand alternative methods of investing to move forward.Keep asking questions and reading posts on BP and you'll have a wealthe of knowledge.

Any interest or fees on another loan arrangement likely do not fall under damages.