is there an account just for damages/maintenance ?

My plan is to collect one month's rent as a damage deposit.

**We also live in a community that has an Air Force base so there is rarely ever a shortage of tenants.Thank you in advance for any advice!

You'd be short $500 on fixing the damage. 

Typically, business interruption insurance is triggered by a direct physical loss or damage.

Purchase price: $55,000 Cash invested: $80,000Duplex- It had some fire damage in the kitchen, so were weren't able to obtain a loan from the bank.

None of the jobs are big enough to sub out, so expect to be touching up paint, fixing flooring, adjusting downspouts, confirming that the stain on the drywall in the basement is black mold or actual water damage, etc.

On-line brand recognition is high, resulting in 67% direct reservations, 17% via Air BnB @ 3% commission and 16% via Booking.com and Expedia @ 15% commission. 

There are annual inspections and if tenants damage your property and cause you to fail the inspection, they will immediately stop your rent payments until YOU fix them to a satisfactory level.  

The landlord used the damage deposit and last months rent that was paid at move-in to cover the tenants rents for April and May.