@Clayton Mobley , Thank you so much for your insight - I really appreciate your length input.

I would assume you met with them and let them know what your rental criteria was (credit score, income requirements, employment length and criminal background/rental history).

If you are serious about getting a house in this area then talk at length with someone who knows the area well so you can get an accurate map of each individual neighborhood and the acceptable price range of each.

We base our wear n tear significantly on length of occupancy but if a bathroom vanity or cabinet was in good shape when they moved in, then the occupancy should be over 10 years to consider that normal wear n tear.if a tenant leaves in less than a year we expect the unit to be in move-in condition and are somewhat hard a**es. 

Also consider the 4 year tenancy which is an above average length of time.

Representation for both parties is unnecessary if the transaction is arms length.

Our average length of stay is approaching 5 1/2 years so residents are happy to bring their own appliances just as if they would upon buying a property.  

I don't mind having to come out of pocket in certain months to cover costs but I believe with the return it will generate that its possible to pay the monthly note and investors returns out of cash flow.Thank you so much in advance for anyone who took the time to read all of that, sorry for the length.

Prepayment penalties range from 1-5 years and you get to decide the length of the term.

While this list is not all-inclusive, it gives a good overview of the differences between normal wear and tear and damages.Additionally, courts have also ruled that the length of time a tenant has occupied a property must also be taken into consideration when accessing damages in regard to deductions to a tenant’s security deposit.