I had a house that just before I closed (when I bought) the bank let the basement get water in it (no power or sump pump and a 60 degree day in Feb caused it).

Note your only option to enforce collection of late fees, repair bills for tenant caused issues, etc. 

A non-refundable fee is a good income generator for you but it's more likely to cause problems.

For example, I am not counting your full mortgage payment to include principle or the accompanying amortization on the loan balance, which essentially wipe each other out in terms of net worth, but may cause you to cash flow negative. 

Or the roof has major leaks which has caused significant damage to the decking and the ceiling is crumbling (So now you need to add new roof and decking to the budget).

If they are leaving, this is my inspection to determine what cleaning or repairs may be needed after they move out (either Tenant-caused or just ordinary upkeep).3.

This time of year, the climate can often cause delays in construction which can drag out your time budget and increase your holding costs.You've budgeted for covering all the utility costs. 

They are going to make or break your initial guest experience when they walk thru the door and cause you the most grief if they are not consistent and communicative.Just remember you are basically running a mini-hotel and there are a lot more moving pieces then a standard rental to pay attention to. 

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

Could be that others you see have similar exemptions which are causing the taxes to be very low, but you can confirm at dcad.org