Nevermind, finally found the information about this on here, already covered.

That should cover one months rent. 

My agent also said they are only willing to take off $500 for the damages which wont even cover the materials for the flooring.

@Ryan Moore,Ok, those reserve are not required to sit in your LLc account without earning anything.The whole reason we have reserve is to cover unexpected expense.

Originally posted by @Virs Esar:For sheriff foreclosures, try epreforeclosure dot com.I don't think @Dan Gabrielli covers Sheriff sales, just D-T (deed of trust) foreclosures through the special proceedings office.

However, it seems as though the $500 isn’t going to cover all those expenses.

Like pulling clothes out dressers and putting clothes all on bed, covering dishes, cleaning out cabinets completely.   

Landlords will need to raise rents at least $15-$20 per month per property to cover the $20 annual fee and $150 inspection fee.

As we celebrated the birth of our first born, and I worked from home, the walls closed in – so we went in search of a larger home and decided to rent it (we got just enough to cover the mortgage, but the taxes went up and before long, the difference was $100+/-month) …..and we took the first tenants who showed interest with $ in hand….which, unfortunately, were college students (The largest school in the nation , UCF, is 10 min away).

Short answer - if it were me I would self manage and I would have tenants cover utilities.