It can certainly be a slippery slope for sure depending on the amounts you've lent out!

Sign and dateYou can add the amount of rent due if you like but it is not required. 

What I do and in my lease I did month to month lease and the lease states the rent amount plus the water if the rent or water is not paid in full I can evict and late payment and all other fees is added because in the lease the water becomes the rent.

I personally invest as a member in a passive real estate investing club, where we all go in on these together to invest small amounts, and vet new deals together every month.

I'm not able to apply for a regular home equity loan since I am disabled and have a fixed income.

So, I had the solar panel company come and fix EVERYTHING!

I'd fix it and move on.

Personally, I perceive a fair amount of risk in the market.  

Depreciation for tax purposesThe amount of annual depreciation OVERLY offset my net income on the property.

Is it the amount of fit-up it would need to become "tenant ready", is it "how long does it take to get a tenant in place"?