That is just too much work to screen hence I can cut down my work by using a web form in the future.I also like to ask for paystubs, license, bank statement, application and W2 evidence via email. 

I am hoping that this would cut down on repairs and be easier to manage while I'm on the road (I intend to use a property manager). 

My father in law mentioned he would fund the down payment for the new construction loan, but hinted getting a cut of the cash flow every month.

So far... it's a straight forward cash cow.

I'm just trying to figure out when/if I should be cutting them a break.

I recommend the one from the Straight Up Chicago guys instead as its more Chicago specific - https://www.straightupchicagoi.... 

Do the dairy farmers and grocery stores cut deals every time the price of milk increases?

@Paul Winka  Assuming this is sheetrock I would cut out the damaged sheet rock, check any wood behind it for mold. 

At this point that is cutting into cashflow and I am only finding deals that make around $200/mo which is still OK by me.

Or do you feellike that $700/month is absolutely worth it, and I’d just bewasting my time trying to cut things out?