As a pet owner in Austin I've seen the usual is $300-500 as a pet deposit and at the end of the least if there is no pet damages you MAY get back half of the deposit but.

Here's a list of what's included with this home:New drywall & insulationAsbestos abatementNew copper plumbingNew air conditioning, and FurnaceNew recessed lighting throughout New bathrooms (two bathrooms)New kitchen cabinetsTankless water heaterNew garage door New roofHard-wood flooring ceramic tileNew granite kitchen cabinetsUpdated Fireplace in the living roomNew interior and exterior paintI'm no expert but this seems extremely high.

So you have a great tenant that takes care of the place and their current 2 dogs have been controlled and not damaged anything.

there is a long thread going right now on the risk you take using IRA money to buy fixed assets.being the bank is more appropriate as long as you pick good notes.. what happens when you landlord in a IRA you cant commingle personal funds with the IRA asset so you get a bad tenant that does lots of damage you cant use personal funds to fix it.. so if you are going to use IRA to buy you need much larger amounts of cash left in the IRA for any unforeseen expenses.

Electrical needs complete replacement (wiring, electrical box) but the house has newer roof and appliances (heating and water heater are recent), and the plumbing looks recent, which is all surprising given the state of the rest of the house...It's basically a roof and a brick frame with appliances.

I'm going down the path of multi-family buy and hold RE  and might dip my feet into the house flipping  waters.

They want a property that needs work, but not necessarily one with extensive damages.

They want a property that needs work, but not necessarily one with extensive damages.

I’ve found this especially true in water pipe freezing states. 

Deeded water access in a popular vacation rental area.