Imagine having to repair a AC unit, water heater or fix damage done by a tenant, all while holding the unit vacant.

A short sale can do some damage to your credit - probably knock it down 200-300 points and will take 7 years to come off your report.

I had one applicant claim that they had no evictions or trouble with any landlords, and found out by talking to the previous landlord that they had left owing money due to unpaid rent, damages to the apartment, and unpaid utilities. 

Keep a copy of the guarantee of the 2 year policy, the original treatment date and the 2nd company's inspection report showing termite damage in the event you have to file for a civil court case.

I'd be very happy to pay a fair price for it and spend the money needed to restore the home to good, whole living condition again.  

An exception would be where there has been storm damage necessitating a roof replacement so that negates the age of house consideration.

If something like a plumbing leak or roof leak happens, he might just ride it out while it causes major damage to your property.  

Owes about $1700 between missing rent and damage/repairs (I've already deducted his security deposit). 

So I've got a killer deal on a gulf front property.The purchase price is $115,000There's no damage to the house but the sea wall needs about $5000 spending on it and the lot itself needs around $20,000 to fill.

As to the toilet seat and air filter, that really is normal wear and tear unless you have severely damaged the seat.