There is such thing as normal wear and tear and if you hold her security deposit longer than 30 days after walk through, you'll meet her in court and the judge will support the tenant.Just collect her last water/sewer if by the lease it's on her, and move on.Market is hot now - you'll find next tenant before this one vacated the house.Good luck!

These are subjective terms of course.If you had a 3 month supply, but everyone just lost their job, then that would change the forecast wouldn't it?

@Jeremy TaylorI’ve done a few BRRRRs and learned my lesson on the first one: always prepare an appraisal packet which outlines comps, why they are good/bad and what adjustments I would recommend, as well as all info regarding the subject property.

. :)Nonetheless, I have been lurking on this forum for a while, as it is a great source of knowledge on what can be a complicated subject. 

But with a hot market with long-term potential so close to home, why bother?  

In a hot market a lot of people will work on smaller margin as they underestimate the risk premium as the market sustains a bullish run.

About a month ago we stopped receiving hot water in our showers.

About a month ago we stopped receiving hot water in our showers.

I currently own one rental, but I’m looking to gain some knowledge to buy more homes and gain cash flowing properties.I’m just starting out on the subject matter but I’m looking forward to learning.

The assets are subject to the same rules and restrictions as stocks purchased in a 401(k).