Look for any deferred maintenance or big ticket items that are coming due soon. 

I rounded up in most cases as NJ is on the more expensive side for labor.

The tenant has a scratch-off lottery ticket gambling problem and often comes home with "many"  tickets in his pockets.

The times in which I had ended up getting done over (after pure anger subsided) I thought back to beginning of the negotiations and there was always a time that I let the other person get away with a small lie because the deal looked good. 

This happens frequently, because the earth is round and paper is flat.

In round numbers:Rent:  $1000Tenant paid in two payments:  $600, and $405   -  $5 extra.The property manager is classifying the entire second payment as "pre-paid rent" because the total paid exceeds the amount due, and therefore only credited me $600.I can absolutely understand keeping the extra $5 to carry over to next month, but to keep the whole payment seems wrong.Anyone else experience this with their PM?

Here are the numbers, I should have included these in the original pos, my apologies.Purchasing- Bought the home on auctiob.com for $147,500- with the added commission payout to the site- final closing cost was $155,000Here is a snap shot of the renovation costs (I rounded to nearest number).

An eviction is used to regain the property.Have them go through the FHA home education programhttps://www.hud.gov/topics/buying_a_homeIf you want to help their credit, help them do a "bank round Robin" to create a history on their credit report thats brand-newYou go to bank one, give the bank $1000, ask for $1000 secured loan that's reported on the credit report, pay it off, go to bank two,  repeat that process.

Hi All-It's been a pleasure joining the forum and meeting such well rounded people (both on and off the forum).

Take notice of the big ticket items like kitchen, bathrooms, roof, etc.