I'm sure there are others who will have a different opinion.Going back to the beginning of my post, if you do have a strong income and deep pockets you will likely have more flexibility to make mistakes without significant risk to your overall financial health...but I'd still recommend starting relatively small.

Given the low income area, we did not charge additional pet fees.

I have a high deductible health insurance plan, the HSA will cover my out of pocket expenses for prescription, lab fees, Doctors visits and Dental expenses.

Legally we can charge more, but I don't think the market would support 3x rent unless you were lowering your credit or pet standards.  

Deducting :Food (one person)Entertainment (movies, 1-2 nights out, nothing crazy, really conservative) Pet (a small dog shares miserable existence next to you)Commute ($7-10 /day)Car insurance paymentsRent (So cheap because you try to save money and live in a ********.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

I have a strict no pet policy for my units. 

That being said, certain counties are allowed to run their own schedules when approved by the state health department. 

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

An emergency is something that could harm someone's health or cause damage to the property if not dealt with immediately.