If they don't meet your guidelines, tell them they wont qualify. 

@Valerie Hiscoe My plan is to fully replace the kitchen because two reasons; there is deep damage to the wood and countertop that just replacing the front panels wont cover and underneath the cabinet it appears that it is exposed to the subfloor.

No, bc I found that they were doing something down the street that I wont be in direct competition with.

Buy-in is much higher. and I wanted the RESALE and Appreciation as an exit strategy.I am a realtor now, so I meet clients that wont touch it unless they can get 15-20%.  

It probably wont be easy to sell down the road if they need to.

I told her if anything comes up that she will know and we can pro-rate any rent as needed and that the apartment was hers, we wont advertise anymore.

The Security Deposit is intended to pay some of the cost of damages, cleaning, excessive wear and tear, and unreturned keys once the Lease Agreement has ended and/or for any unpaid charges or attorney fees suffered by the Landlord by reason of Tenant's default of this Lease Agreement.C.

I also assume your family hasn't suffered any actual damage because of that specific clause.

Hi Henry- it is possible to flip properties in NW Indiana for an all-in amount of $60K but it wont be easy to find those deals.

@David Faulkner is our resident "cap rate grouch" for this thread... lolhe's like a kid that says "i'll come to the playground with my toys, but wont play with them".