Should use increase beyond $240 for a particular month, the overage will be split and charged to the tenants equally."

I know that different rehabs can equal different potential equity positions.

However if you have never invested in the commercial real estate, it is equally important to educate yourself on the process and build a team along the way.Here's a guide for you on the latter:https://www.biggerpockets.com/member-blogs/10850/85351-nothing-will-work-until-you-do-maya-angelou

You probably have not calculated the cashflow correctly.Cashflow is not equal to Rent minus the mortgage payment.Most newbies make that mistake.You can also rent by the room or do AirBnb so houses or duplexes might still work.Duplexes is where I started - I rent out one unit and I even have a roommate on the other.Twenty years later and I now own 1,000 apartment units.

The application deposit is equal to one months rent and becomes the security deposit upon approval.

The higher payments didn't even come close to equaling the lender credit, I came out way ahead. 

Code Sec. 5747.41General rule is LLCs must withhold, and pay to the Ohio Treasurer, an amount equal to 5% of the distributive share of income, gain, expense or loss allocable to individuals.Oh.

I always get a deposit equal to half the rent, so $1000 is the minimum.

So, I would actually have only ~$1300 to go spend equally to live elsewhere.Is this right?

Due to the very short time the tenants were in the property, and in consideration of their inability to inspect the premises, management has decided in lieu of the standard lease break penalty equal to two months of rent, we only charged an amount equal to the security deposit provided they moved out within 1 week and left the premises in broom swept condition, and that they allow us full access during reasonable hours (7 am to 7 pm) to show the property to other interested prospects while they are finishing moving out and cleaning."