. - Tenant tries to use this as a "well, we gave you granite" excuse later if they are late on rent, don't pay, or cause property damage. - Perhaps some concerns about tenants putting money into the property and somehow getting some vested interest in the property.I would say that the contractor doing a bad job is the most likely.I've head of tenants doing some upgrades and it going well.

Is it a beach rental or a standard SFR off the water?

I know someone who accidentally let their water be shut off-- they didn't pay the bill on time.

I am always up front with prospective tenants that security deposits are non-refundable prior to moving in (and after the become refundable assuming no damage to the apartment).

Hi Michael,You are getting the numbers turned around.If landlord does not pay utilities such as water etc. then you use 50% costs but if utility is paid go 60% costs.NOI is before debt service and NOT after.

Find out if mold or mildew and if caused by air circulation or a water issue first.

Money - forget it, but also math - they learn the mechanics for sure, but there is way too little about applying it in making the decisions in your life.I've taught my 10 year old the basics about how it works, and how the first property pays for our groceries, the second for our water and electricity, and so on, and how Dad doesn't have to work for those things anymore because we saved the money to buy the properties.

I just did my whole house a couple weekends ago with just water and took the mildew off the vinyl siding just fine.

I found BP not long ago and have used this site extensively as it provides rich info on RE. This would be my first post of question on the site and hope to hear from many experienced investors/landlords.

I obtained a...

Mainly, I want to see if my analysis holds water.